Oryx Partners is pursuing the acquisition of small-to-medium-sized apartment properties in San Francisco. These properties benefit from in-place income and present an opportunity for value creation via “ADU” additions, unit conversions, capital upgrades, and institutional grade management.
201 Roanoke is an 8-unit apartment building in San Francisco’s Glen Park neighborhood, with spectacular south-facing views for all units and walking distance to BART and neighborhood retail. Oryx acquired 201 Roanoke in November 2017. Oryx is adding two new units in the vacant garage spaces as permitted by the “ADU” ordinance recently approved by the City, which will result in an immediate boost to investment returns. Additionally, after performing unit upgrades, Oryx re-leased two vacant units at market rates and has completed other common area cosmetic upgrades.