Success Story: Autumn Creek Apartments
Property Size: 82 units, 1970, Dallas, TX
Wehner Multifamily increased the revenues of Autumn Creek Apartments by 30% in the first year (primarily through increased occupancy, and minimizing bad debt). Over the following 1 ½ years, Autumn Creek’s revenue increased an additional 14% primarily through rent increases. The company also succeeded in the second and third year in lowering operating expenses by ~15% (excluding property taxes) by minimizing payroll costs and unit turnover. Autumn Creek Apartments has 82 units, and currently maintains a consistent 95%+ occupancy rate.