Stone Ridge Apartments
Stone Ridge Apartments | 231 Units
Marketing description
MMG is pleased to present Stone Ridge Apartments, a 231-unit multifamily community located in Wichita Falls, Texas. The property offers investors a stabilized, high-occupancy asset generating strong day-one cash flow, underpinned by over $4.0 million in capital improvements completed since 2021 that have fully repositioned the property from a distressed condition to a modernized workforce housing community.
Wichita Falls benefits from durable institutional demand drivers, including Sheppard Air Force Base and United Regional Health Care System, while limited new construction supports stable occupancy and rent growth. Emerging economic development activity — including a large-scale Skybox Datacenters campus and a new $400 million North Texas State Hospital facility — further strengthens the long-term demand outlook. Additionally, the property’s current all-bills-paid structure presents an immediate value-add opportunity through RUBS implementation, offering a clear path to enhanced cash flow with minimal capital outlay.
Below are the links to access further details on the opportunity:
Deal Website: https://stoneridgeapts.sharplaunch.com/
CA / Doc Center: https://stoneridgeapts.sharplaunch.com/signup
Investment highlights
- Stabilized Asset Delivering Strong Day-One Cash Flow• Extensive Capital Improvements & Operational Repositioning
- Durable Workforce Housing Demand Drivers
- Limited New Supply Supporting Market Fundamentals
- Economic Development Pipeline Driving Future Job Growth
- Utility Reimbursement Upside Through RUBS Implementation
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