The ValCap Group recently sold the 190-unit multifamily property Tuscany At Westover Hills. We bought the property in 2014 from a receivership that had been operating it as an affordable-housing residential complex. It had suffered severely from deferred maintenance and a shortage of capital. ValCap’s business plan was to renovate the property and move forward with a conventional multifamily model. Our team renovated the exterior and substantially upgraded the interiors, with luxury upgrades on 20 percent of the units.
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