River Oaks

While the private equity owner of River Oaks was desirous to sell the property, operations had languished, resulting in a diminished value for the property. In an effort to boost the value of the asset prior to sale, Stratus acted as asset manager to oversee operational changes. New property management was brought in and light renovations were performed to boost aesthetic, occupancy levels, and resulting NOI. Once ready for the market, Stratus marketed the property on its national platform and sold the property at nearly a 20% premium to the original valuation of the property when Stratus became involved.