All Forum Posts by: AJ Shepard

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $2,792,500
Cash invested: $50,000

Contributors:
Trent Werner, Chris Shepard

GP Investment. The property has a total of 9 buildings and was built in 1977. Midland Manor has 27 units. The apartment consists of (23) one-bedroom, one-bath, (3) two-bedroom, one-bath, (1) three-bedroom, one-bath house. Cornelius is a city in Washington County, Oregon. Located in a sub-market of Portland, OR. The city lies along Tualatin Valley Highway between Forest Grove to the West and Hillsboro to the East.

Job Posting: Maintenance Department Coordinator

Company: Uptown Properties

Position: Maintenance Department Coordinator

Location: Portland, Oregon

Overview: Uptown Properties, a leading property management company, is seeking a dedicated Maintenance Department Coordinator to join our team. The ideal candidate will be a motivated and organized individual with a passion for providing exceptional customer service. This role offers the opportunity to oversee our maintenance department, drive improvements in efficiency, and contribute to the overall success of our properties.

Responsibilities:

• Monitor department Key Performance Indicators (KPIs) to ensure goals are met
• Increase and maintain vendor list for various maintenance needs
• Supervise and mentor maintenance coordinators and technicians
• Delegate incoming work orders and ensure timely completion
• Oversee emergency work orders and manage large property repairs
• Review maintenance department Profit & Loss (P&L) for areas of improvement

Qualifications:

• Strong background in maintenance management or related field
• Excellent customer service skills with a focus on tenant satisfaction
• Proven ability to manage time effectively and prioritize tasks
• Exceptional organizational and communication skills
• Experience with vendor relations and contract management
• Knowledge of property maintenance best practices and regulations

Benefits:

• Competitive salary
• 401K plan options
• Paid time off and holidays
• Growth opportunities within a dynamic company

Additional Information: This is a full-time, in-office position with flexible hours for emergency calls over the weekends. The Maintenance Department Manager will play a crucial role in maintaining the quality and efficiency of our properties, ensuring a positive experience for our tenants and stakeholders.

If you are a motivated individual with a passion for delivering exceptional customer service and building positive relationships, we encourage you to apply for the Maintenance Coordinator position

Uptown Syndication specializes in forming investment partnerships, allowing both seasoned and budding investors to participate in lucrative real estate and investment ventures. We're proud to operate under the exemption 506(b), ensuring compliance and quality in all our offerings. We are vertically integrated performing PM services and Construction services we manage over 800 units, with more exciting opportunities on the horizon. Each property represents a unique chance for you to build your wealth through real estate investment.

Uptown Syndication performed it's first two syndications in 2020 and has continued to perform and scale deals from then.  We anticipate to go full cycle with those first two deals within the next two years and happy to chat with anyone that would like to learn more about real estate investing!  

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $3,252,400
Cash invested: $82,499

Contributors:
Trent Werner, Chris Shepard

GP Investment. The property has a total of six duplexes and was built in 1997. Summerfield Loop Duplexes has 12 units. The apartment consists of (12) three-bedroom, 2.5 bath townhome style units. The complex is in a single-family home development that surrounds a public park that is across the street from the townhomes. The property is Happy Valley which is a growing metro of Portland Oregon.

Investment Info:

Large multi-family (5+ units) buy & hold investment in Portland.

Purchase price: $10,850,000
Cash invested: $100,000

Contributors:
Trent Werner, Chris Shepard

GP Investment. Cedar Mill Courtyard Apartments was built in 1972 and includes four total buildings. It has 47 units with 70 asphalt parking spaces. The general mix of the units is (17) one-bedroom, one-bath one-story flats, (12) two-bedroom, one-bath one-story flats, (8) two-bedroom, one-bathroom townhome style units, (4) three-bedroom, one-bathroom one-story flats, and (6) three-bedroom, one-bathroom townhome style units. The property is in the Cedar Mill neighborhood of Northw

Investment Info:

Large multi-family (5+ units) buy & hold investment in Portland.

Purchase price: $10,850,000
Cash invested: $100,000

Contributors:
Trent Werner, Chris Shepard

GP Investment. Cedar Mill Courtyard Apartments was built in 1972 and includes four total buildings. It has 47 units with 70 asphalt parking spaces and a parking ratio of 1.6 spaces per unit. The general mix of the units is (17) one-bedroom, one-bath one-story flats, (12) two-bedroom, one-bath one-story flats, (8) two-bedroom, one-bathroom townhome style units, (4) three-bedroom, one-bathroom one-story flats, and (6) three-bedroom, one-bathroom townhome style units. The property is in the Cedar Mill neighborhood of Northwest Portland.

Has anyone had some experience with syndicators performing a capital call? Would be nice to know some of the ways it is performed.

Has anyone heard of the preferred return being stripped from the LP during the call if they don’t put in more capital, essentially providing the syndicator gets paid on their split before a preferred return is paid for the original capital and not the additional capital?

Hey all,

My brother Chris Shepard and I started investing in 2006. We have built up a portfolio of about 200 units here in Portland, Oregon. Some single family, some quads, and small multi and then a few smaller apartments. We also fee manage about 450 other units. As well, we've done 5 smaller-size syndications with our last deal being about 6.3MM.

Our goal over the next 5 years is to grow our portfolio to 2500 syndicated units or larger. During Q4, we are trying to open up two new markets. We've got a trip to Jacksonville planned out on Nov 14th and 15th.
On Nov 14th, we are hosting a meet-up at Wicked Barley in Jacksonville at 7 pm. Chris will be doing a short presentation on how we utilize property management to increase property value followed by networking. If you are in the area please join us! 

RSVP here: https://www.eventbrite.com/.../value-add-property...


Cheers,
AJ and Chris Shepard

[email protected]

Hey Marc,

Here are a few things to note for you: how the operator/syndicator will execute the project plan to make sure that the big audacious goals for the project are met, the structure of investor returns, and the exit strategy. The frequency of communication with the limited partners is also vital. Best of luck to you and happy investing!