BKE Capital, a Plano-based multifamily investment company, has rebranded as APTVEST, connecting investors to “valuable real estate assets that transform portfolios and communities.”

“As we surveyed the multifamily investment industry trajectory, we felt it necessary to brand up and think about the future,” Kevin Parrish, founder, and co-managing partner of APTVEST, said in a statement. “Our online platform will streamline access to quality multifamily investments that make an impact in communities and to investors’ portfolios.”

Founded in 2016, APTVEST says its team has more than 40 years of combined experience in specialties such as investments, construction, and management. The company has six core team members and is “actively growing,” and says it has over 200 team members throughout its vertically integrated companies. 

“Our target investor is an individual investor or company that’s familiar with real estate investing, more specifically multifamily apartments,” Parrish told Dallas Innovates. “Legally, accredited investors and/or firms who are looking for an experienced rental real estate operator who is vertically integrated is our ideal target.”

Focused on North Texas, with future targets planned

APTVEST investment property in Sherman, Texas. [Photo: APTVEST]

Currently, APTVEST focuses on multifamily properties in the North Texas area, including the one above in Sherman. Parrish said future targets include the Texas Triangle and the Sunbelt.

“Our core investment strategy is value-added multifamily,” Parrish told us. “We target assets that are dated and lagging operationally. Through our renovation arm, we inject capital to breathe new life back into these assets so that they can once again serve the submarket they’re in and hopefully help revitalize the greater community.”

“Since inception, we’ve transacted on 14 assets and gone full cycle on 7 assets,” Parrish added.

Typical investment minimums of $25K to $100K 

APTVEST investment property in Longview, Texas. [Photo: APTVEST]

Parrish said that historically, investment minimums for people using the APTVEST platform have ranged from $25,000 to $100,000 per investor. 

He added that beyond the platform, APTVEST relies on its investor network, which “has taken years to cultivate and includes private equity firms, family offices, and JV partners.”

4.6 million new apartments are needed by 2030

APTVEST cited a 2017 study commissioned by the National Multifamily Housing Council and National Apartment Association that showed the affordable housing crisis has created a need for 4.6 million new apartments by 2030. APTVEST said it evaluates, buys, renovates, and manages multifamily properties in-house.

The company said it simplifies the investment process through streamlined access via its online platform.

Investors that partner with the company will have direct access to “vetted multifamily investment properties” through its platform and deal process called The SAFE Method, a vertically integrated approach that allows APTVEST to “source investment properties, analyze them rigorously, finance the investment properly, and successfully exit each deal.”

“Our dedication to focus our platform strictly on multifamily investments gives us an advantage over other platforms that offer other CRE product types, not just multifamily. Our new online platform allows us to connect with investors with just the click of a button,” Parrish said.

The APTVEST team says it has averaged a deal-level internal rate of return of 71% and an average equity multiple return of 2.5X. Internal rate of return is a metric used to analyze capital budgeting projects and evaluate real estate over time. It’s a measure used by investors, business managers, and real estate professionals to evaluate profitability.

‘The market has been on our side’

“We’ll be the first to tell you that the market has been on our side and one of the keys to our success,” Brett Zaitoon, co-managing partner at APTVEST, said in a statement. “Looking forward, multifamily investments can still be an exceptional way to diversify your portfolio and not rely solely on stock market performance or other variable investments.”

David Seeley contributed to this report.

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