Property Summary
Las Brisas Apartments
Investment Summary
Location: Hialeah, Fla
Units: 24
Strategy: Renovation/Repositioning
Six Four Asset Management saw opportunity in the dated but well-maintained Las Brisas Apartments, a 24-unit apartment complex in Hialeah, FL.
Acquiring the property in 2022, Six Four implemented strategic updates to modernize units and began transitioning select apartments to market rates. The improvements and new rental approach quickly drove results, with renovated units achieving a 25% rent increase within the first year of ownership.
Though operating partly as affordable housing, Las Brisas now also provides Six Four with a value-add component to maximize returns. The firm's careful acquisition strategy and hands-on management has quickly unlocked the property's potential.