To accomplish the task of streamlining property operations and maximizing profits, JSP asset management group develops, implements and provides strategic business plans for each of our properties.
A key component of these business plans is making a project more competitive in its marketplace, which often requires extensive capital renovation projects designed to increase rents and occupancy
Improvements often include:
The following case studies demonstrate both our process of improving properties and the final results of our efforts.
Tribecca Apartment
3201 Yorba Linda Boulevard, Fullerton, CA 92831
# of Units – 252
Year Purchased - 1986
Once acquired, Tribecca Apartments underwent a major rehabilitation program transforming the property from a bland early 1970’s, flat roof property to a modern, highly visible and desirable property. Upgrades included new siding, walkways, entrance, parking configurations, balconies, fitness center and leasing office.
Sommerset Apartments
591 Peabody Road, Vacaville, CA 95687
# of Units – 136
Year Purchased - 2007
Sommerset Apartments has recently undergone a massive renovation program including a full interior and exterior facelift that included the installation of washers & dryers in each unit. The renovations resulted in Sommerset Apartments being voted the Best Apartment Community in Solano county by KRON news in 2009.
Sommerset is ideally located in the heart of Solano County about midway between San Francisco and Sacramento. The County is home to Travis Air Force base, a Genentech manufacturing facility, a Kaiser Permanente opening in 2009, and the expanding Vacaville Premium Outlets shopping center.
Riverstone Apartments
302 Woodcreek Drive, Bolingbrook, IL 60440
# of Units – 789
Year Purchased - 2005
Riverstone Apartments is located in the Village of Bolingbrook, one of the most highly desirable suburbs of Chicago. Ikea Bolingbrook opened its doors in September 2005 and across the street Macy’s opened in 2007. Upon its recent acquisition, the property will underwent an extensive $13 million dollar exterior and interior renovation which included the addition of a second clubhouse and pool for the second phase, water features, signage, fencing, fully remodeled interior hallways, kitchens and bathrooms.
