Ogden Apartments

Columbia, SC · 11 units · A struggling owner-operator handed us the keys to manage — we repositioned the asset and grew its value 3.5×.

The Opportunity

An owner-operator out of road, using the wrong manager

Ogden Apartments is an 11-unit complex in Columbia, SC. It came to us not as a listing, but as a phone call — the owner-operator was running it through outside management and watching it fall apart.

By the time we looked at it, only 4 of the 11 units were occupied. Frustrated and out of options, the owner approached RealTreo to rehab and manage the property. We saw the value-add upside immediately and stepped in — not just as a manager, but as a partner.

What We Did

A clean reset — tenancy, building, and books

Structured the deal with $450K of rehab debt and a management partnership

Cleared every legacy tenant and started from a clean slate

Completely rehabbed all 11 units, inside and out

Re-leased every unit at market rents — annual rent climbed from $36K to $145K, roughly 4×

Qualified the rent schedule for a moderate-income tax abatement — $10,000/yr straight to NOI

Took over day-to-day management in-house

The Result

Fully leased, and worth 3.5× as much

From 4 of 11 occupied to a fully repositioned, fully managed asset — with a tax structure that protects the bottom line for years to come.

100%

Occupied (from 4 of 11)

$145K

Annual rent ($36K → $145K)

$1.4M

Current value

$10K/yr

Tax savings to NOI

Have a property that's underperforming?

Ogden Apartments started as a frustrated owner's phone call. If you own multifamily that isn't living up to its potential — or you want to invest alongside deals like this — let's talk.

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