December 1, 2021
The Colonial apartments are a fantastic example of Sage Capital’s value add strategy. Sage Capital purchased this building with an occupancy rate of 70%, below market rents, and as well as a numerous other issues. This property is located in the heart of South Omaha, this is a vibrant working community that lacks a surplus of quality housing. With this in mind we knew that increasing the occupancy would not be an issue, and with minimal cosmetic repairs, and upgrades, the building was running at close to 100 percent at all times, with an increased rental rate of 30%. This building’s value has increased substantially in the two short years we have owned it, and it promises to yield a nice return, as well as a great property for the next owner.
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