YOUR PARTNER IN REAL ESTATE SYNDICATION
Founded in 2017, JARS Realty Partners is committed to helping qualified investors reach their goals, live their dreams, and lead the lifestyle they've always wanted through real estate syndication. We’re meticulous about our work, taking the time to precisely analyze projects before deciding which to get involved with. If you would like to learn more about our company, get in touch with us today.
JARS 2019 PORTFOLIO
We partnered with Enzo Multifamily on the following projects:
Institutional Quality Multifamily
320+ Units l Orlando, FL
PROPERTY DETAILS
Class B asset
Constructed in 1984
Purchase Price: $51.8M
Property closed June 2019
BACKGROUND / MARKET
In growing MSA
Located near business parks
#1 market for % employment gains in last 5 years
BUSINESS PLAN
Modernize interiors as well as exterior
Increase rent through renovations to bring to market rents
Add revenue generating amenities
Institutional Quality Multifamily
25+ Units l Jacksonville, FL
PROPERTY DETAILS
Class B asset
Constructed in 1985
Purchase Price: $3.1M
Property closed April 2019
BACKGROUND / MARKET
In affluent submarket
Located next to beach, boutique shopping, and upscale dining
Residents in this area seek active lifestyle
BUSINESS PLAN
Modernize interiors as well as exterior
Increase rent through renovations to bring to market rents
Add access to amenities
Institutional Quality Multifamily
100+ Units l Jacksonville, FL
PROPERTY DETAILS
Class B asset
Constructed in 1987
Purchase Price: $12.6M
Property closed March 2019
BACKGROUND / MARKET
Affluent beach address
Located next to beach, boutique shopping, and upscale dining
Residents in this area seek active lifestyle
BUSINESS PLAN
Minimal renovation
Improve outdoor spaces / amenities
Increase rental rates
Introduce revenue-producing amenities
Class B – Value-Add Multifamily
160+ Units l Jacksonville, FL
PROPERTY DETAILS
Class B asset
Constructed in 1986
Purchase Price: $14.32M
Property closed August 2018
BACKGROUND / MARKET
True value-add opportunity with large, spacious complex with unrenovated units and rents at bottom of market
Immediate reposition of asset via rent increase
BUSINESS PLAN
Continue renovations at same or higher premium
Add in amenities such as valet trash, reserved parking, etc.
Bring unit interiors up to quality of surrounding assets at $4,500 / unit
Institutional Quality Multifamily
300+ Units l Lewisville, TX
PROPERTY DETAILS
Class B asset
Constructed in 2004
Purchase Price: $40.8M
Property closed December 2017
BACKGROUND / MARKET
Trophy institutional-quality asset that enjoys an exceptional location
Power-house sub-market with 11.3% rent growth in 2016
BUSINESS PLAN
Renovate and modernize unit finishes and common areas
Increase rent to market rates
Improve operational inefficiencies
About Our Team
Our Principles
Howie and Deb Mell, the founders of JARS Realty Partners, are a husband and wife team, married for over fifteen years. As a medical family (Howie is an emergency physician, Deb a former health administrator), they realized eight years ago that they needed a reliable passive income stream outside of medicine.
They began purchasing single family rental properties, working to increase their value by managing and improving the properties. Determined to succeed in real estate but wanting to forego the day to day headaches of being landlords, they began passive investing in multifamily real estate, which has led to now partnering with other multifamily investors on a variety of projects.
With more than $30 million and 450 doors in their portfolio, they founded JARS Realty Partners to focus on helping others to invest in real estate through syndication. They focus on Texas and Florida markets for multifamily. All of their assets have met pro forma projections and continue to outpace expectations.
Deb and Howie both hold bachelor and masters degrees in public health from the University of Illinois, and Howie also holds an MD from the U of I at Rockford. They live outside of Charlotte, NC with their four kids.
Our Partners
JARS has chosen to become syndication partners with ENZO Multifamily.
Enzo Multifamily provides opportunities for others to gain financial independence through real estate. Currently, in its portfolio, Enzo has 2,550+ units valued at $360M+. They provide high-quality, exceptional deals that provide investors with unique real estate opportunities to confidently gain double digit returns. Enzo owns and operates multifamily apartment complexes in growth markets, providing investments with mitigated risk. They have a hugely successful track record, which allow them to obtain nonrecourse financing; leveraging debt with creative strategies to increase investor return and decrease risk. JARS appreciates ENZO's long standing commitment to maintaining strong relationships with elite brokers, lenders, and investors alike.
Contact us:
20311 Chartwell Center Dr.
#1255
Cornelius, NC 28031
704-999-7555