Drever Investing
Strategic acquisitions. Timely dispositions. Strong returns.

Larkspur at Shadow Creek
Start DateMarch 2019
Proj CompletionSept 2020
Units257
Acres12

1401 Elm
Mixed-Use Redevelopment
Dallas, TX
Start DateApril 2019
Proj CompletionNov 2020
Multifamily324
Hotel218
Office/Retail60,000 SF

Larkspur at Twin Creeks
Proj. Gross IRR24.2 %
Equity Multiple2.1x
Hold Period5 years
Total Equity$18,000,000
Total Cost$36,000,000

Windsong at Rock Creek
Proj. Gross IRR22.9%
Equity Multiple2.7x
Hold Period5 years
Total Equity$6,000,000
Total Cost$13,000,000

Aria at Rollingbrook
Proj. Gross IRR18.8%
Equity Multiple2.1x
Hold Period5 years
Total Equity$6,500,000
Total Cost$27,400,000

Villages of Lake Jackson
Proj. Gross IRR19.4%
Equity Multiple2.1x
Hold Period5 years
Total Equity$6,000,000
Total Cost$22,700,000

Magnolias at Chesterfield
Proj. Gross IRR23.9%
Equity Multiple2.7x
Hold Period5 years
Total Equity$2,700,000
Total Cost$6,200,000

The Village at Southlake
Proj. Gross IRR19.8%
Equity Multiple2.1x
Hold Period5 years
Total Equity$3,600,000
Total Cost$13,700,000

Windsong at Eola Hills
Proj. Gross IRR25.0%
Equity Multiple2.8x
Hold Period5 years
Total Equity$3,557,000
Total Cost$7,114,000

PE JV Portfolio
Multifamily Value-Add Portfolio
Gross IRR59.6%
Equity Multiple1.7x
Hold Period1.5 years
Total Equity$121,400,000
Total Cost$489,000,000

Elan
Multifamily
Value-Add
Value-Add
Austin, TX
Gross IRR14.1%
Equity Multiple1.9x
Hold Period5.5 years
Total Equity$10,300,000
Total Cost$24,700,000

Carrington Park
Multifamily
Value-Add
Value-Add
Raleigh, NC
Gross IRR13.3%
Equity Multiple1.7x
Hold Period3.9 years
Total Equity$12,800,000
Total Cost$32,300,000

Parmer Place
Multifamily
Value-Add
Value-Add
Austin, TX
Gross IRR17.5%
Equity Multiple2.1x
Hold Period4.6 years
Total Equity$10,800,000
Total Cost$32,500,000

Apex 5510
Multifamily Development
Boulder, CO
Gross IRR35.0%
Equity Multiple3.3x
Hold Period3.8 years
Total Equity$5,000,000
Total Cost$47,000,000

Trails of Sanger
Multifamily
Value-Add
Value-Add
Sanger, TX
Gross IRR30.3%
Equity Multiple2.1x
Hold Period3 years
Total Equity$6,260,000
Total Cost$16,280,000

Mira Loma
Multifamily
Value-Add
Value-Add
San Antonio, TX
Gross IRR24.7%
Equity Multiple2.3x
Hold Period4.4 years
Total Equity$8,200,000
Total Cost$33,200,000

Summit Ridge
Multifamily
Value-Add
Value-Add
Denver, CO
Gross IRR16.7%
Equity Multiple1.6x
Hold Period3.9 years
Total Equity$16,500,000
Total Cost$34,600,000

Melograno at Teravista
Multifamily
Value-Add
Value-Add
Austin, TX
Gross IRR17.6%
Equity Multiple1.9x
Hold Period4.6 years
Total Equity$8,300,000
Total Proj. Cost$26,300,000

Woodland Hills
Multifamily
Value-Add
Value-Add
Houston, TX
Gross IRR20.6%
Equity Multiple2.0x
Hold Period5 years
Total Equity$5,600,000
Total Cost$18,400,000

Enclave at Woodbridge
Multifamily
Value-Add
Value-Add
Houston, TX
Gross IRR30.6%
Equity Multiple1.9x
Hold Period3.6 years
Total Equity$14,500,000
Total Cost$31,500,000

Parkside
Multifamily
Value-Add
Value-Add
Gresham, OR
Gross IRR22.6%
Equity Multiple1.9x
Hold Period3.2 years
Total Equity$7,600,000
Total Cost$17,400,000

415
Multifamily
Value-Add
Value-Add
Evanston, IL
Gross IRR18.5%
Equity Multiple2.3x
Hold Period5 years
Total Equity$10,900,000
Total Cost$30,300,000

Villas at Mira Loma
Multifamily Development
San Antonio, TX
Gross IRR27.8%
Equity Multiple2.3x
Hold Period4.2 years
Total Equity$11,100,000
Total Cost$21,600,000

Bent Tree Portfolio
Multifamily
Value-Add
Value-Add
Dallas, TX
Gross IRR16.4%
Equity Multiple1.8x
Hold Period4.3 years
Total Equity$13,200,000
Total Cost$35,000,000