The Cove
The Cove is a 264 unit multi-family property built in 2017 in Ingleside, Texas. Ingleside sits just north of the Corpus Christi Bay and was acquired in June 2021. Since the property is relatively new, no significant capital expenditures are planned. The focus will be on effective operations, realigning the rent with the market, reducing the number of corporate units and eliminating Airbnb units. The complex boasts many amenities including a luxury resort style pool with clubhouse, outdoor recreation area, fitness center and dog park. At the time of acquisition, The Cove was at 92% occupancy.