Partnerships · Multifamily · DFW · Houston · Austin · San Antonio
We find off-market apartment properties every week: 5 to 75 units in the Austin–San Antonio corridor, DFW and Houston, ideally with seller financing and real value-add upside. We acquire the right ones as joint ventures, with partners who take an active role: equity partners who share the big decisions, lenders, and construction partners who have repositioned buildings before.
Experienced investors and operators who want to co-own value-add Texas multifamily as an active joint venture partner, and private and bridge lenders who lend against the property.
General contractors and value-add operators with multifamily renovation experience who would rather co-own the upside of a building than only bid the job.
| Deal sourcing | Tax-delinquent, pre-foreclosure and code-case apartment properties from county records in four metros, plus the multifamily brokers we work with every week. |
|---|---|
| Underwriting | Ownership, the seller's situation, rent roll and T12 where available, and a renovation scope with our construction partner before anyone commits. |
| Structure | Seller financing is our preferred structure: it lets an owner be paid over time and leaves room for the value-add that makes a deal work for our JV partners and lenders. |
| The legwork | Finding the deal, the seller conversations, the diligence and coordinating the close. |
What you do, how you like to invest or build, and what you won't do. No deal on the table yet.
When something fits, you see the property, the seller's situation and the numbers, and you decide.
A JV agreement, with attorneys involved, sets each partner's role, contribution and vote before anything is signed. Every partner takes part in the major decisions.
Simul Fortis is founder-run and building its multifamily acquisitions practice now. We partner with people who bring capital, lending or construction experience and want a real seat at the table; we bring the deal flow and the work of putting deals together. We don't take passive investment. We'd rather say that up front than overstate a track record.
Tell us how you'd want to work together. Nate reads every one and calls you back.
Own an apartment property and open to seller financing? Tell us about it here.