Services & Expertise
ASSET MANAGEMENT
With decades of collective experience operating real estate assets in the nation’s most desirable and supply constrained markets, the MWest team has earned a reputation for excellence by identifying opportunities and maximizing returns. Our professionals combine entrepreneurial thinking with disciplined execution and sound decision making to develop creative solutions that reduce operating expenses, unlock value, and increase net operating income.
SERVICES
Acquisitions Support
Due Diligence
Asset Business Plan Execution
Operations Strategy
Asset Enhancement and Preservation
Lease Administration, Analysis, and Negotiation
Leasing Strategy
Marketing Strategy
Capital Planning
Financial Reporting
Investor Relations
Tenant Communication
Financing
Risk Management
Asset Disposition
DEVELOPMENT
MWest develops and redevelops properties in markets where supply is constrained and demand is durable. Our work spans ground up multifamily, land entitlement and estate lots, and the repositioning of underperforming commercial sites. We manage each project from investment analysis through entitlement, construction, and lease up, with the same disciplined underwriting we apply to every asset we own.
SERVICES
Investment Analysis
Entitlement Process Management
Construction Management
Construction Accounting
Marketing Strategy
Case Studies
Since 1991, MWest has built a track record of success. The following are some of our accomplishments:
The Enclave
306 Units Purchased: December 2019
Purchase Price: $99,325,000
Sold: February 2022
Sale Price: $128,500,000
Levered IRR: 27.9%
Levered Equity Multiple: 1.67
Extensive improvements to the exterior, amenity spaces, and unit interiors made possible a profit of 1.67X in just over two years.
Newberry Lofts
45 Units Purchased: March 2012
Purchase Price: $9,100,000
Sold: August 2015
Sale Price: $17,425,000
Levered IRR: 35.94%
Levered Equity Multiple: 2.09
Upon acquisition MWest Holdings immediately began renovations of the extra-large lofts, adding high-end kitchens and bathrooms consistent with Class A condos in the submarket.
31 One Eleven
60 Units Purchased: July 2012
Purchase Price: $16,465,000
Sold: August 2014
Sale Price: $26,500,000
Levered IRR: 41%
Levered Equity Multiple: 2
Extensive improvements to both exterior and unit interiors made possible a profit of 2X in just over two years.
Keswick Court Apartments
60 Units Purchased: May 2011
Purchase Price: $11,150,000
Sold: April 2014
Sale Price: $14,940,000
Levered IRR: 22%
Levered Equity Multiple: 2
Extensive renovation to the exterior, units, and structural/mechanical systems resulted in a profit of 2X in three years.
Hidden Pond at Old Westbury
Hidden Pond was formerly a private horse-riding camp owned by the Entenmann family of cookie-and-cake fame. MWest developed this property into 16 estate lots ranging in size from 2 to 6.5 acres. Lots were 100% sold in 2014.
The beauty of the land was preserved, while creating simple, easy-to-build lots for those who wanted to see their own vision realized in a wooded, gated community an easy drive from Manhattan. Special attention was paid to the preservation of the natural environment; the sheer number of specimen trees on the grounds required great care and an expert hand.
9099 Westheimer Road
Purchased in 2005, redevelopment of this Houston office building was slowed by the recession, but following asbestos abatement and demolition of the old office building, we created a new retail center on the site.
Sold in 2014 to a group of local investors seeking stabilized assets, 9099 Westheimer was 100% occupied at sale, including a newly signed 10 year lease for the center’s largest space (12,830 square feet).
105-107 Saint Marks Place
48 Units Purchased: May 1993
Purchase Price: $1,624,937
Sold: January 2006
Sale Price: $11,000,000
Levered IRR: 37%
Levered Equity Multiple: 9
Purchased and operated as rental apartments, 105–107 Saint Marks Place was sold to a condominium developer in January 2006, realizing a profit of 9X.
