Oasis at Ballast Point – Q122 Investors Update

We officially closed on Oasis at Ballast Point on February 10, 2022.  Congratulations on being an investor in this deal with us!  All future communications about this deal will be coming from OasisBallastPoint@gmail.com so please make sure to whitelist this email so you don’t miss any updates.

We’re thrilled to be on the property and executing the business plan we shared with you.  We began the transition and value-add work even before officially taking over.  We’ve put in place an exceptional property manager – Meadowood Property Management, a firm that has been managing multifamily in the Tampa area for over 30 years. We’ve actively been communicating with the residents about new management, better customer service for residents, and our intention to greatly improve the property.  

We have already begun renovating units as we turn them, starting work on the vacant units we inherited immediately after the takeover.  We’ve also finalized our exterior renovation plans and begun implementing those.  Please see below pictures of our planned improvements for the asset:

Moving forward we will be sending out regular Monthly Updates around the 30th.  Here is what you can expect from us:

1. 1. Executive Summary

   2. Operations Update

      1. Leasing

      2. Capital Improvements Progress

   3. Financials

      1. Rent Roll

      2. Profit / Loss

      3. Lender’s Statement

      4. Balance Sheet

Moreover, we would like to share that we target the first quarterly LP Distributions in September; these ACH transfers will go directly to your bank account on file. Please review your profile in Cashflow Portal to ensure we have your current bank details.

Our team is honored you have chosen to invest with us. Thank you. Please don’t hesitate to reach out to any of us to address any concerns or questions.

Sincerely,

The Oasis at Ballast Point Team