MULTIFAMILY SPECIALISTS

0
Hotel Units Delivered as Multifamily
0
Years of Conversion Experience
Development Comparison

Ground-Up

Ground-Up Construction
SHIR Capital

SHIR Conversion

SHIR Conversion
1 Year +
Closing Time
90 Days
3 - 5 Years
Construction Time
~1-2 Years, Keep Building Envelope
More Trade Permits, Site Plans & New Utilities
City Involvement
Keep Existing Site Plan & Comply w/ Zoning
$250k+
AVG Cost/Unit ($)
$25k - $50k
Rents Set to Maximum Market Level
Affordability
Baked-in & Incentivized

CONVERSION PROJECTS

TEAK

TEAK, Houston, TX

Acquired: March 2022 Type: Hotel to Multifamily Unit Count: 225 Delivered: Q1 2026
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ALTA

ALTA, Colorado Springs, CO

Acquired: December 2021 Type: Hotel to Multifamily Unit Count: 496 Delivered: Q3 2024
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The Veer

The Veer, Austin, TX

Acquired: December 2020 Type: Hotel to Multifamily Unit Count: 174 Delivered: Q3 2024
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The Alma

The Alma, Austin, TX

Acquired: August 2020 Type: Hotel to Multifamily Unit Count: 172 Delivered: Q3 2023
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The Hedge 2

The Hedge 2, Austin, TX

Acquired: August 2020 Type: Hotel to Multifamily Unit Count: 155 Delivered: Q2 2023
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The Hedge 1

The Hedge 1, Austin, TX

Acquired: March 2020 Type: Hotel to Multifamily Unit Count: 226 Delivered: Q4 2022
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Sold Conversions

Nextloft Apartments

Sold: Nextloft Apartments, Bluffton, SC

Acquired: January 2018 Type: Ext. Stay to Multifamily Purchase: $5.0MM Total Capital: $10.1MM Unit Count: 148 Delivered: Q1 2020
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Terrain at Haywood

Sold: Terrain at Haywood, Greenville, SC

Acquired: April 2018 Type: Ext. Stay to Multifamily Purchase: $4.5MM Total Capital: $7.4MM Unit Count: 96 Delivered: Q1 2020
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Terrain Pittsburgh

Sold: Terrain, Pittsburgh, PA

Acquired: December 2015 Type: Ext. Stay to Multifamily Purchase: $6.3MM Total Capital: $13.7MM Unit Count: 152 Delivered: 2018
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