Chiquita Apartments

AmNational Real Estate listed for sale and sold the Class C multifamily complex known as Chiquita Apartments in Dallas, TX. This property was listed with multiple other brokers and not sold, with several contracts reportedly falling through during the financing process. AmNational analyzed the operating data, gave the ownership guidance on typical expense category alignment, capital expense suggestions, and a leasing strategy to raise rental rates, prevent multiple units from coming vacant in the same month, and outsourcing some maintenance- all items that had collectively prevented previous potential buyers from obtaining financing. After three months of stabilized operations, the property was successfully marketed and sold.