Multi-Family Investment Firm Plano BKE Capital Changes Name to APTVEST » Dallas Innovates

BKE Capital, a Plano-based multi-family investment firm, has been rebranded as APTVEST, connecting investors to “valuable real estate assets that transform portfolios and communities.”

“As we reviewed the trajectory of the multifamily investing industry, we felt it necessary to stand out and think ahead,” Kevin Parrish, founder and co-manager of APTVEST, said in a statement. . “Our online platform will streamline access to quality multi-family investments that impact communities and investors’ portfolios.

Founded in 2016, APTVEST claims its team has over 40 years of combined experience in specialties such as investments, construction and management. The company has six core team members and is “actively growing,” and says it has more than 200 team members in its vertically integrated businesses.

“Our target investor is an individual investor or company familiar with real estate investing, specifically multi-family apartments,” Parrish told Dallas Innovates. “Legally, accredited investors and/or companies looking for an experienced and vertically integrated rental property operator are our ideal target.

Focused on North Texas, with future goals planned

APTVEST investment property in Sherman, Texas. [Photo: APTVEST]

Currently, APTVEST is focused on multifamily properties in the North Texas area, including the one above in Sherman. Parrish said future targets include the Texas Triangle and the Sunbelt.

“Our core investment strategy is value-added multi-family,” Parrish told us. “We are targeting obsolete and operationally delayed assets. Through our renovation arm, we are injecting capital to bring these assets back to life so that they can once again serve the submarket they are in and hopefully help revitalize the community as a whole.

“Since inception, we have traded on 14 assets and completed a full cycle on 7 assets,” Parrish added.

Typical investment minimums of $25,000 to $100,000

APTVEST investment property in Longview, Texas. [Photo: APTVEST]

Parrish said that historically, investment minimums for people using the APTVEST platform have ranged from $25,000 to $100,000 per investor.

He added that beyond the platform, APTVEST relies on its network of investors, which “has taken years to grow and includes private equity firms, family offices and JV partners. “.

4.6 million new apartments are needed by 2030

APTVEST cited a 2017 study commissioned by the National Multifamily Housing Council and the National Apartment Association which showed that the affordable housing crisis has created a need for 4.6 million new apartments by 2030. APTVEST said that it appraises, buys, renovates and manages multi-family properties in-house.

The company said it is simplifying the investment process with easy access through its online platform.

Investors who partner with the company will have direct access to “controlled multi-family investment properties” through its platform and transaction process called The SAFE Method, a vertically integrated approach that allows APTVEST to “source investment properties, to analyze them rigorously, to finance the investment correctly, and to succeed in each transaction.”

“Our commitment to focusing our platform strictly on multifamily investments gives us an edge over other platforms that offer other types of CRE products, not just multifamily. Our new online platform allows us to connect with investors with the click of a button,” said Parrish.

The APTVEST team claims to have averaged a transaction-level internal rate of return of 71% and an average multiple return on equity of 2.5X. capital budgeting and valuing real estate over time. It’s a metric used by investors, business owners, and real estate professionals to gauge profitability.

“The market has been on our side”

“We will be the first to tell you that the market has been on our side and one of the keys to our success,” Brett Zaitoon, co-manager at APTVEST, said in a statement. “Looking ahead, multi-family investments can still be an exceptional way to diversify your portfolio and not rely solely on stock market performance or other variable investments.”

David Seeley contributed to this report.

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