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Owned by Garret

Multifamily Network

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Multifamily Network โ€” a private space for people serious about deals, real conversations, and progressing through actual experience in multifamily.

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Skoolers

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1 contribution to Tax Smart Investor Club
Closed! โ€” 188 Units in Arlington, TX
Excited to share that Flintridge Apartments, a 188-unit multifamily community in Arlington, Texas, has officially closed. This one took a real team effort to get across the finish line. Toward the end, there were a lot of normal closing items being worked through, including seller-side city items, lender requirements, insurance updates, closing amendments, updated vacancy and delinquency information, and pre-closing walks to verify unit condition before takeover. A big thank you to our investors for their trust and partnership. We do not take that lightly. Thank you as well to our partners, lenders, brokers, attorneys, property management team, vendors, and everyone else who helped move this forward. There are always a lot of people behind the scenes on a transaction like this, and weโ€™re grateful for each person who played a part. Now the focus shifts from closing the deal to operating the asset well. That means supporting the onsite team, serving residents, improving leasing, staying disciplined with the business plan, and being good stewards of the property and the capital entrusted to us. Grateful for the team, grateful for our investors, and looking forward to the work ahead.
Closed! โ€” 188 Units in Arlington, TX
0 likes โ€ข 15d
@Catherine Abella thanks! ๐Ÿ™๐Ÿผ
1 like โ€ข 11d
@Luke Thomas previous owners were foreclosed on back in Aug 2025. They were at 90+% occ. lender took over than occ dropped to mid 70%. All comps are at ~95%. So primary thing is to just get occ back where it was. We break even at like 85%. Also all units were renoโ€™d by prev owner also. We visited last week and already got a handful of leases ๐Ÿ™Œ๐Ÿผ
1-1 of 1
Garret Rumbea
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1point to level up
@garret-rumbea-4298
GP at Westline Equity. Grew my fit biz to 6 figs. Got into real estate. Now I buy apartments. Always down to connect! [email protected]

Active 26m ago
Joined Dec 15, 2025
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