MURNEN

Realty Advisors, L.L.C.

established in 1998

Call Us: (253) 874-8262

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OUR SERVICES

  • Property Analysis, investment & Development Services
  • Property Management
  • Brokerage
  • Property Leasing Strategies
  • Corporate Housing Services
  • Tenant Representation
  • Trust Asset Management

Our Properties

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St. Laurent

St. Laurent Apartment Homes are an upscale community located in Grand Prairie,TX right in the middle of the area’s best shopping and dining. Beautifully constructed in a French Mediterranean style the property boasts spacious one, two and three bedroom apartment homes offer spacious floor plans with crown molding, nine foot ceilings and wall sconce lighting. The community features include a beautiful clubhouse with party room and fitness centre along with three resort style pools, waterfall and hot tub.  St. Laurent is located minutes away from I-30 and Toll Road 161. Our pet friendly community is located within the desirable Arlington School district.

  • Sold

  • Sold

  • Sold

Property Investment Summary

  • 372 Class-A units built in 1998
  • Acquired in 1999 via tax-deferred exchange
  • Sold in 2012
  • 95% average occupancy maintained for the entire holding period
  • Investors achieved +25% pre-tax annualized cash-on-cash rate of return
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The Renaissance (now known as The Brixton)

The Brixton is located in the heart of north Dallas adjacent to the Dallas North Tollway and several blocks south of the George Bush Turnpike (190). The community is located in the Blue Ribbon Plano Independent School District and provides residents with close proximity to all of the major employment centers in Dallas including downtown which is less than fifteen miles south of the property. Each apartment home has its own private entrance with interior stairways for the second floor homes.   The clubhouse facility includes a pool with WiFi, business center, fitness center, and media room. The apartment homes feature 9’ ceilings with crown molding, breakfast bar, wood-burning fireplace, double sink vanity, attached garage parking, and more. Residents choose The Brixton because of its exceptional location, extensive clubhouse facilities and the numerous apartment features.

  • Sold

  • Sold

  • Sold

Property Investment Summary

  • 224 Class-A units built in 1996
  • Acquired in 2000
  • Sold in 2011
  • 95% average occupancy maintained for the entire holding period
  • Investors achieved +25% pre-tax annualized cash-on-cash rate of return
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The Brazos

The Brazos is a 286-unit Class A+ residential community located in the Far North Dallas market, adjacent to the City of Plano, at the northwest corner of the meeting point of the Dallas North Tollway and George Bush Turnpike. The Brazos is a superior product that differentiates itself from the competition by offering spacious interiors with premium community amenities featuring a resort style amenity center that contains two lagoon style pools, a separate water volleyball pool, a Jacuzzi, a cabana area featuring a large bar and wood burning fireplace, sports court with two basketball goals and an oversized sand volleyball court.

  • Available

  • Available

  • Available

Property Investment Summary

  • 286 Class-A units built in 1998
  • Acquired in 2002
  • Sold in 2006
  • 95% average occupancy maintained for the entire holding period
  • Investors achieved 24.1% pre-tax annualized cash-on-cash rate of return
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Capitol City On The Course

At Capitol City on the Course in Lacey, Washington, you have big choices when it comes to your active leisure time: swimming, golfing, working out, shooting hoops, or a game of squash; and afterwards relaxing in the spa. Comfort and style continue in your home. Many of the one, two and three bedroom homes offer Mount Rainier or lush golf course views. Complementary comforts include a custom tiled fireplace with a handsome mantel, the convenience of your own washer and dryer and built-in microwave, generous storage and interior colors in a complimentary spectrum. The community is close to shopping, restaurants and freeway access. For activities, relaxation, comfort and major conveniences – it’s Capitol City on the Course.

  • Sold

  • Sold

  • Sold

Property Investment Summary

  • 96 Class B+ units built in 1995
  • Acquired in 2001
  • Sold in 2002
  • 95% average occupancy maintained for the entire holding period
  • Investors achieved 71% pre-tax annualized cash-on-cash rate of return
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Sammamish Woods Medical/Dental Building

Sammamish Woods resides on 2.99 acres of land fronting 228th Avenue SE and Providence Point Drive. The property is situated for maximum exposure to 228th which is the major arterial along the Plateau. Currently, the office building is 100% leased to medical and dental providers with multiple years remaining on current leases. Each of the interior office spaces is significantly upgraded. In past discussions with the City of Issaquah, the adjacent land can support a new two-story office building consisting of approxiately 12,000 total rentable square feet. Recent discussions with the City have indicated a willingness on the part of the City to allow for a higher building and more square footage provided adequate parking is provided.

Property Investment Summary

  • 8200 SF built in 1988 on 3 acres
  • Parcel includes 1.5 acres of wooded land zoned for future professional office
  • Acquired in 2012
  • Property is 100% leased
  • Investors can expect to achieve +25% of annualized cash-on-cash rate of return post-development

Copyright © Murnen Realty Advisors, L.L.C. 2013

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