Olympus Property

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Investment Philosophy

Olympus Property is a highly experienced real estate investment firm with a strong track record of success. With a 24-year history of owning and operating multifamily real estate, Olympus has always delivered exceptional investment returns through multiple market cycles. Successfully navigating the 2009 financial crisis, our firm has delivered consistent profits to investors without a single capital call. The Olympus portfolio is currently valued at over $3 billion and represents approximately 17,000 apartment units. We constantly strive to set a standard of excellence in the multifamily industry.

Olympus Property invests alongside our capital partners in cash flowing multifamily residential properties where we can add value through property enhancements and increasing management efficiencies. Our goal is to conservatively acquire properties that provide our investors with above market cash returns, significant upside potential and limited downside. The multifamily sector provides the optimal platform to achieve these goals through all economic conditions.

Olympus has provided reliable returns for our investors for 24 years. We strive to identify properties that can generate sufficient cash flow to pay a consistent preferred return to our investors. Our goal is to identify value assets in our target markets with strong current revenues. Over time, we strive to increase net income through revenue growth and expense management. We are careful to keep our debt loads at reasonable levels, which are typically around 70% fixed rate non recourse debt. As a result, we have never missed a distribution payment to our investors and steadily grown our assets under management.

Olympus vs. Other Firms

Experienced In-House Property Management - Olympus has strategically chosen to manage all of its properties directly, rather than turn over this critical aspect of real estate investment to a third party firm. This hands-on approach provides the tangible connection between Olympus, our communities, and our residents. The results for investors have been increased occupancy rates, better retention rates, greater returns and higher resale values. We believe it is absolutely essential to maintain personal oversight of our properties for the benefit of our residents and our investors. The management team consistently receives recognition as market leaders by industry associations in the markets in which they serve.

Aligned interests - Integrity is paramount to the principals and employees of Olympus. Through co-investment alongside our investors in each property acquired, we create an environment where interests are aligned. This has been a key to our success and differentiates us from our competitors. What is good for our investors is good for us and what is good for us is good for our investors. Unlike many investment firms that heavily laden transactions with upfront and ongoing fees, we consider our investors long-term partners and have a compensation structure that is primarily performance based. Capital is the key to buying real estate and we value our relationship with each of our capital partners. We strive to exhibit an unsurpassable level of integrity that makes our partners eager to invest with us time and time again.

Track Record of Outperformance - Since 1992, Olympus Property has demonstrated its ability to acquire assets that generate significant cash flow and provide a profitable exit. From the early days of buying five-unit buildings in Bakersfield, California to the current portfolio of nearly 17,000 units, with an aggregate value of approximately $3 billion, the principals of Olympus have had a remarkably successful track record of growth and profitability. Their philosophy of “buying right” and straying from the pack has allowed the company to avoid the pitfalls that have bankrupted many property owners during downturns. Prices paid leading up to downturns are typically supported by wildly unrealistic revenue growth and high leverage. Olympus’ realistic cash flow projections easily support a conservative debt load, which is typically 70% long term fixed rate debt. We are very proud of our track record of strong returns for our investors and constantly strive to improve our position within the marketplace to capitalize on investment opportunities into the future.

INFORMATION COMING SOON

Olympus Property Acquires Boulevard at Frisco Square in Frisco, Texas

FORT WORTH, Texas, Aug. 9, 2017 /PRNewswire/ -- Olympus Property announces the expansion of their Texas portfolio with the acquisition of Boulevard at Frisco Square. The community will undergo a name change effective immediately to Olympus Boulevard. 

Olympus Boulevard is the third apartment community to be added to Olympus Property's seventh fund, WW Olympus Property VII, LLC. This fund provides a geographically diverse blend of several multifamily assets throughout the United States to provide investors stabilized cash flow over time.

"Olympus Boulevard is located in one of the strongest job growth submarkets in the United States. The deal was acquired on an attractive basis with plenty of room for upside," said Chase Bennett, Senior Acquisitions Manager at Olympus Property.

Completed in 2009, the 282-unit luxury mid-rise community is strategically located along the Dallas North Tollway growth corridor, specifically within Frisco's $5 Billion Mile and north of Legacy Business Park. These two job centers include the United States' highest concentration of suburban corporate America coupled with the strongest high wage job growth story within the country. 

The Boulevard at Frisco Square is located within Frisco Square, a master-planned development funded in part by the City of Frisco. Frisco is currently ranked as the second fastest growing city in the country with a median household income more than twice the national average at $123,055. Since 1991, Frisco has lured over 200 companies to the area, creating and sustaining over 24,000 new jobs and billions of dollars of community investment.

"Olympus Boulevard is a core asset in Frisco, one of the top submarkets in Dallas-Fort Worth, our home base.  The property is located in the heart of Frisco Square, a unique live/work space that will continue to flourish as the growth story in Frisco continues," said Anthony Wonderly.

Olympus Property, founded in 1992, is a fully integrated real estate investment firm based in Fort Worth, Texas. Over its 25-year history, the company has become a successful and recognized name in the multi-family industry.  Olympus currently owns and manages over 17,000 units across ten states including Texas, Florida, Oklahoma, Arizona, Arkansas, Tennessee, Georgia, New Mexico, Utah, and California. 

Olympus Property Acquires Carrington Square in Savannah, Georgia

FORT WORTH, Texas, Aug. 9, 2017 /PRNewswire/ -- Olympus Property announces the expansion of their Texas portfolio with the acquisition of Boulevard at Frisco Square. The community will undergo a name change effective immediately to Olympus Boulevard. 

Olympus Boulevard is the third apartment community to be added to Olympus Property's seventh fund, WW Olympus Property VII, LLC. This fund provides a geographically diverse blend of several multifamily assets throughout the United States to provide investors stabilized cash flow over time.

Olympus Property acquires The Boulevard at Frisco Square in Frisco, Texas

"Olympus Boulevard is located in one of the strongest job growth submarkets in the United States. The deal was acquired on an attractive basis with plenty of room for upside," said Chase Bennett, Senior Acquisitions Manager at Olympus Property.

Completed in 2009, the 282-unit luxury mid-rise community is strategically located along the Dallas North Tollway growth corridor, specifically within Frisco's $5 Billion Mile and north of Legacy Business Park. These two job centers include the United States' highest concentration of suburban corporate America coupled with the strongest high wage job growth story within the country. 

The Boulevard at Frisco Square is located within Frisco Square, a master-planned development funded in part by the City of Frisco. Frisco is currently ranked as the second fastest growing city in the country with a median household income more than twice the national average at $123,055. Since 1991, Frisco has lured over 200 companies to the area, creating and sustaining over 24,000 new jobs and billions of dollars of community investment.

"Olympus Boulevard is a core asset in Frisco, one of the top submarkets in Dallas-Fort Worth, our home base.  The property is located in the heart of Frisco Square, a unique live/work space that will continue to flourish as the growth story in Frisco continues," said Anthony Wonderly.

Olympus Property, founded in 1992, is a fully integrated real estate investment firm based in Fort Worth, Texas. Over its 25-year history, the company has become a successful and recognized name in the multi-family industry.  Olympus currently owns and manages over 14,000 units across nine states including Texas, Florida, Oklahoma, Arizona, Arkansas, Tennessee, Georgia, New Mexico, and California. 


Olympus Property and Artemis Real Estate Partners Acquire Broadstone Corsair in San Diego, California

FORT WORTH, Texas, Sept. 12, 2017/PRNewswire/ -- Olympus Property and Artemis Real Estate Partners are pleased to announce the closing acquisition of their 7th multi-family investment, Broadstone Corsair, in San Diego, California. The property is being renamed Olympus Corsair effective immediately.

Olympus Corsair is located in San Diego's Kearny Mesa neighborhood, which is one of the city's largest employment centers and strongest rental markets. Olympus Corsair is one of the nicest multifamily projects within the San Diegometroplex, featuring high-end, Class "AA", condo quality finishes such as quartz and marble counters, stainless steel appliances, 5 burner stoves and wood plank flooring across the 360 units of luxury apartment homes and a next-level, high end hospitality designed, amenity package to create a resort-inspired living experience.

"We are pleased to be acquiring Olympus Corsair, one of the best designed luxury multifamily properties in Southern California. Our business began in California and Olympus is proud to continue our growth in the beautiful city of San Diego," said Chandler Wonderly, Principal of Olympus Property.

Olympus Corsair features an unparalleled amenity package and is the only LEED Gold Certified market-rate apartment community in San Diego. On-site amenities include a resort style pool with poolside cabanas inset with outdoor TVs, an indoor golf simulator room, a two-story, fitness center with reclaimed parquet wood flooring and a private yoga/dance studio, a clubhouse with demonstration kitchen, library and wet bar, green living wall and a stunning array of seven outdoor courtyard social spaces.

"Southern California is one of our top target markets for long-term core multifamily investing.  Fundamentals are strong with steady job and population growth and unusually high barriers-to-entry, which, we believe, should drive above average operating performance and long-term value appreciation.  Over time, we intend to aggregate a portfolio of high quality, core multifamily properties, similar to Corsair, in Southern California," said Rich Banjo, Managing Principal at Artemis.

To learn more about diversifying your portfolio with Olympus Property, please contact Braden Barr at 817-505-0528 or at Braden.Barr@OlympusProperty.com.  

About Olympus Property

Olympus Property, founded in 1992, is a fully integrated real estate investment firm based in Fort Worth, Texas. Over its 25-year history, the company has become a successful and recognized name in the multi-family industry.  Olympus currently owns and manages over 14,000 units across 9 states including Texas, Florida, Oklahoma, Arizona, Tennessee, Georgia, New Mexico, Arkansas and California.  

About Artemis Real Estate Partners

Artemis Real Estate Partners invests with best-in-class local operating partners, both established and emerging, in multifamily, office, industrial, retail, hotel, and senior housing across opportunistic, value added and enhanced core strategies. Artemis has raised over $2.5 billion of investor capital across two commingled value-add/opportunistic fund vehicles, one commingled core plus healthcare real estate fund, and a series of emerging manager separate accounts with The New York State Common Retirement Fund, New York City Retirement Systems and the Illinois Municipal Retirement Fund. The firm is headquartered in the Washington DC metropolitan area with offices in New York, Los Angeles, and Atlanta.  Artemis' sole focus is U.S. commercial real estate.  For more information on Artemis Real Estate Partners, please visit www.artemisrep.com.

Olympus Property Completes Three Acquisitions in Keller, TX

FORT WORTH, Texas, March 1, 2017 /PRNewswire/ -- Olympus Property and Artemis Real Estate Partners are proud to announce the closing acquisition of their 4th multi-family joint venture, the Keller Portfolio.  These three Class A properties consist of 679 units in the upscale city of Keller, a Dallas -Fort Worth suburb.

The Stoneleigh Companies originally developed these three properties, which Olympus Property and Artemis purchased from Stoneleigh. These three Keller properties have been rebranded as Olympus Town Center, Olympus Stone Glen, and Olympus Waterford effective immediately.

Due to scarcity of land, rising construction costs and increasing restrictions on multifamily development in Keller and surrounding communities, the premier Keller / Southlake submarket offers residents a family friendly community with premier schools, easy airport access, and a central location between both Dallas and Fort Worth.

"As a former Keller resident, I can truly tell you it's a phenomenal place to live and these three properties are in prime locations in Keller," said Anthony Wonderly, Principal of Olympus.

The Keller / Southlake submarket features a plethora of nearby job drivers, including the nearby regional economic powerhouse known as Alliance Texas, a master-planned development spanning 18,000 acres, employs 44,000 people.  Nearby these properties in Westlake are the corporate campuses of Schwab, Deloitte and Fidelity employing an additional 2,500 people.

"Keller is a strong rental market with the Portfolio representing some of the best locations and highest quality assets in the submarket.  The Portfolio is ideally positioned to offer residents seeking top schools, great amenities and proximity to employment centers a variety of options across the three properties," said Liah Chin, Vice President at Artemis.

To learn more about diversifying your portfolio with Olympus Property, please contact Braden Barr at 817-505-0528 or at Braden.Barr@OlympusProperty.com.  

About Olympus Property

Olympus Property, founded in 1992, is a fully integrated real estate investment firm based in Fort Worth, Texas. Over its 24-year history, the company has become a successful and recognized name in the multi-family industry.  Olympus currently owns and manages over 14,000 units across 8 states including Texas, Florida, Oklahoma, Arizona, Tennessee, Georgia, New Mexico, and California.  

About Artemis Real Estate Partners

Artemis Real Estate Partners invests with best-in-class local operating partners, both established and emerging, in multifamily, office, industrial, retail, hotel, and senior housing across opportunistic, value added and enhanced core strategies. Artemis has raised over $2 billion of investor capital across two commingled value-add/opportunistic fund vehicles, one commingled core plus healthcare real estate fund, and a series of emerging manager separate accounts with The New York State Common Retirement Fund, New York City Retirement Systems and the Illinois Municipal Retirement Fund. The firm is headquartered in the Washington DC metropolitan area with offices in New York and Los Angeles.  Artemis's sole focus is U.S. commercial real estate. For more information on Artemis Real Estate Partners, please visit www.artemisrep.com.

 

Fusion
17321 Murphy Avenue
Irvine, CA 92614

Elevation Plaza Del Rio
13310 N Plaza Del Rio Blvd.
Peoria, AZ 85831

1400 Chestnut
1400 Chestnut Street
Chattanooga, TN 37402

Please reach out to Braden Barr at 817-505-0528 or braden.barr@olympusproperty.com.