

Pursuit Notice – Apartments in Lufkin, Texas
Property Type: Multifamily
Estimated Purchase Price: Well below Replacement Cost
Estimated Equity Raise: $5,000,000
Sponsor Co-Investment: 20-30% of Total Equity
Units: ~220
Year Built: 2000 / 2012
Current Occupancy: ~60%
Investment Strategy: Distressed Value-Add
Expected Hold: 5 Years
Status: Auction Pending – August 19
Why We Are Pursuing This Opportunity
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Acquire significantly below replacement cost and recent market comparables
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Substantial value creation through lease-up from approximately 60% to market occupancy (~92%)
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Improve operations through experienced, hands-on asset management
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Located in a stable East Texas market with diverse employment drivers
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Auction process creates a higher barrier to entry, potentially reducing bidder competition
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Next Steps
Buck Ridge Capital is actively pursuing this acquisition and expects to know the auction results on August 20. If selected, we will promptly distribute a detailed investment package, including underwriting, business plan, due diligence materials, and subscription documents.
If you are interested in learning more or would like to be considered for this investment opportunity, please complete the investor questionnaire using the link below. This allows us to gauge interest and prepare for a timely offering should we be awarded the acquisition.
