Forest Ridge Apartments
Property
Property Name
Forest Ridge Apartments
Location Dallas, TX
Unit Count 160
Status Sold
Acquisition Date January 2016
Sale Date June 2022
Case Study
Forest Ridge was Sentinel Peak Capital Partners’ inaugural investment, marking the launch of our firm. The rapidly gentrifying Lake Highlands neighborhood of Dallas, TX, presented a strong submarket for a rehabilitation project, with increasing demand for upgraded amenities and higher rental rates. At the time of acquisition, the property faced significant operational and capital deficiencies, contributing to its underperformance. SPCP acquired the asset below replacement cost and delivered a superior risk-adjusted return for our investors, while also laying the foundation for the firm’s broader success.
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Prior performance is not a guarantee of future results.
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Location
Sentinel Peak Capital Partners
Headquartered in Dallas, Texas
