GoodLife HP Continues to Expand in Dallas, Texas

On February 17, 2022, GoodLife Housing Partners purchased the Centennial Apartments, a 100 unit multifamily apartment community located in the rapidly growing medical district of Northwest Dallas. “GLHP” feels very confident in delivering exceptional returns due to previous ownership’s conservative business strategy driven by fears of low occupancy during COVID‐19, rental rate upside has not been maximized despite the strong rent growth in the local market.

We are excited to start our comprehensive exterior and interior renovation program with an expected ~20% increase in net operating income (“NOI”) once completed. Further NOI can be generated by continuing the existing renovation scope for the remaining units, adding a smart home technology package to all units, washer dryers to select units, and developing additional exterior community amenities.

GLHP is actively acquiring class A-C multifamily, industrial, affordable, and student housing product between $10-100M in major metropolitan areas. GLHP is a Los Angeles-based, privately-owned real estate investment firm that has owned and operated over $400 million in assets. Our mission is to acquire quality assets, provide a high-end living experience for our residents, and generate value for our investors.