HCM formed a partnership with principals from Roscoe Properties in 2010 in order to acquire and rehabilitate the Grove Apartments in South Austin, a 184 unit multifamily property originally built in 1974. Following a major renovation of the interior and exterior of the property, rental rates have increased from $0.79 average at purchase, to over $1.20 one year later. Austin Apartment Association named The Grove the Apartment Project of the year for 2012.
www.roscoeprop.com/thegroveapartments
The firm's investment holdings are extensive, extending to strategic land positions and income producing assets, all of which have been acquired with a focus on long-term value creation and investments opportunity for the firm and its partners.
HCM acquires and rehabilitates Class B and C multifamily assets in emerging urban districts. The firm focuses on well located properties near urban locations where its rehabilitation investment in properties significantly enhances value and increases long-term cash flow.
Hughes Capital Management, Inc. owns and develops medical office and ambulatory surgery centers in Texas as investment properties and investment partnerships.
Extensive market relationships ensure Hughes Capital Management, Inc.'s ability to deliver successful projects on-time and on budget for a variety of requirements and clients.
Hughes Capital Management, Inc. operates a portfolio of owned properties and a portfolio of properties it treats with personal care, in its relentless focus on value creation through effective property management and leasing strategies.
