The Reese at Eastchase
Property
Property Name
The Reese at Eastchase
Location Fort Worth, TX
Unit Count 312
Vintage 1984
StatusActive
Acquisition Date September 2023
Case Study
The Reese at Eastchase was a distressed asset with significant operational and financial challenges, including 65% occupancy, 15% bad debt, and 86 uninhabitable units due to a lack of capital. Acquired off-market in September 2023, SPCP leveraged its industry network and operational expertise to stabilize the property. By addressing deferred maintenance, making units leasable, and enhancing marketing efforts, SPCP increased occupancy to the mid-90s%, improved collections from 75% to 95%, and reduced bad debt below 3%. This strategic repositioning transformed The Reese into a high-performing asset, reinforcing SPCP’s presence in the Fort Worth market.
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Data as of year-end 2024. Prior performance is not a guarantee of future results.
Invest with Sentinel Peak Capital Partners
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Location
Sentinel Peak Capital Partners
Headquartered in Dallas, Texas