Property Turn Around Portfolio

Written by Davis S. Lewis, Broker at Infinity Real Estate, Plano, TX

Infinity CRE, LP has been specializing in turning around underperforming apartment complexes and selling them for its clients since 2003.

Some of the multi-family projects undertaken by Infinity CRE, LP include:

Turtle Creek Apartments: An 88 unit property that was 80% full and in default of its loan. Infinity CRE assisted the property owner to lease up the property, cure the loan default, and sell the property (this property was 97% occupied at closing). 

Wyndham Meadows Townhouses: 26 high end townhouses built for leasing. Infinity took over management of this property with 62% vacancy. This property was leased 100% and sold for $106,000 per unit. They continue to manage this asset for its owner today.

Summit Ridge Apartments: Infinity was retained to lease-up and sell this 208 unit property built in 2004. Occupancy has increased from 40% to 93% when Infinity was retained.

Metropolitan Apartments: Infinity was retained in May 2005 to sell this property, which at the time was 78% full. Infinity sold this property and oversaw the management of the property since the sale, significantly enhancing occupancy, increasing rental rates, eliminating concessions, and reducing expenses. This property was 100% full within a year when management was turned over to the owner.

Massey Place Town Homes: Infinity was retained in 2007 to identify potential development sites and consulted on floor plans and unit mixed. This project was built in multiple phases with a total of 3 units, leased, and managed by Infinity CRE.

Currently Infinity CRE, LP is managing 1,576,679 sf. which includes 250,000 sf. of single family rentals; 430,430 sf. of multi-family rentals; 677,038 sf. of retail; and 219,211 sf. of industrial properties. 

Infinity Commercial Real Estate is an innovative, full service real estate brokerage company servicing North Central Texas since 1999.  Reach us at 469-429-4949 or send us a message.

Infinity Commercial Real Estate - Who We Are

Written by David S. Lewis, Broker for Infinity Commercial Real Estate, Plano, TX

      Infinity Commercial Real Estate Company consists of:

• Infinity CRE (Commercial Real Estate): Sales, Management and Leasing of commercial real estate
• Infinity RRE (Residential Real Estate): Sales of single family homes 

Currently Infinity CRE and Infinity RRE consists of 40 agents engaged in various aspects of real estate services. Infinity CRE achieved sales of $50M in 2006 and $65M in 2007.

About The Principals

John Navai

John Navai has been involved in real estate since 1984 when he began investing and managing properties in Boulder, Colorado. During late 80’s and early 90’s, John Navai was part of a group that purchased 200 multi-family units in FDIC auctions. These properties were turned around and the last one was disposed in 1994. John Navai then invested in and managed Peachtree Apartments (100 units), this property was significantly improved and disposed in 1999. He has been investing in industrial buildings, shopping centers, and concentrating on the sales of commercial real estate since 1999.

David S. Lewis

David S. Lewis has been engaged in real estate business since 1999 in Dallas, Texas. He moved to Texas in 1990 when he was part of a Hawaiian group that purchased 800 multi-family units and two healthcare oriented office buildings. In 2001 he established a residential sales and management company (predecessor to Infinity Residential Real Estate) and grew the company into a successful Real Estate group providing Residential, Commercial, and Management services.

Infinity Commercial Real Estate is an innovative, full service real estate brokerage company servicing north central Texas since 1999.  Reach us at 469-429-4949 or send us a message.