38th Street Partners: A Disciplined Value-Add Multifamily Strategy in Austin, Texas

Introduction:
38th Street Partners is a Texas-based real estate investment firm focused on acquiring, improving, and repositioning multifamily assets across the fast-growing Austin metropolitan region. With a seasoned leadership team and proven track record, the firm is launching its first fund a $30M vehicle designed to acquire value add multifamily properties, execute strategic renovations, enhance operational performance, and deliver strong returns through both rental income and appreciation.

Problem: Untapped Opportunities in an Undersupplied, High-Demand Market
Austin continues to experience extraordinary population and job growth, compressing housing supply and driving prices upward. Many multifamily buildings constructed in past decades remain under-managed and under-invested, despite being located in high demand submarkets. These properties often suffer from deferred maintenance, below market rents, inefficient operations, and outdated amenities. At the same time, renters students, young professionals, and workforce households are willing to pay a premium for improved living conditions, creating a clear value add gap.

Solution:
38th Street Partners bridges this gap through a disciplined investment strategy centered on identifying undervalued assets, executing targeted renovations, and driving operational efficiencies.
Key elements of their solution include:

·         Strategic Acquisition: Off market sourcing and lender relationships that enable competitive deals in a niche $3M–$4M range too small for institutional funds and too large for individual investors.

·         Value-Add Renovation: Exterior and interior upgrades, improved landscaping, new signage, modern amenities, and infrastructure improvements that unlock significant rent increases.

·         Professional Management: Robust management processes that stabilize occupancy, optimize rent rolls, increase retention, and enhance tenant satisfaction.

·         Accelerated Exit Strategy: With strong rent growth and repositioned assets, properties can be sold within 18–24 months, achieving meaningful returns for investors.

Challenge:
Ahead of investor outreach and capital formation efforts, the leadership team required a refined, investor ready pitch deck that clearly articulated their strategy, historical performance, operating philosophy, and fund structure. The objective was to transform complex operational processes into a compelling investment story, backed by real-world results and a disciplined methodology.

How We Helped:

·         Narrative Development: We crafted a clear storyline that communicates the market opportunity, investment thesis, and competitive advantage of 38th Street Partners’ approach.

·         Market Positioning: By highlighting Austin’s rapid growth, limited inventory, and strong rent dynamics, the deck reinforces the firm’s ability to capture outsized returns in one of America’s hottest real estate markets.

·         Visual Design & Deal Storytelling: We developed polished layouts featuring case-study renovations, operational improvements, and historical transactions to demonstrate capability and credibility.

·         Operational Strategy Framework: We showcased the full lifecycle acquisition, transformation, management, and disposition illustrating the firm’s end-to-end execution strength.

·         Financial & Fund Structuring Clarity: We simplified deal mechanics, preferred returns, equity contributions, distribution waterfalls, and fund terms to ensure investor understanding and transparency.

Impact:

·         Enhanced Investor Confidence: The deck communicates a disciplined, proven model backed by strong historical deals, showcasing real improvements, profitable exits, and operational expertise.

·         Improved Market Differentiation: By emphasizing niche deal sourcing, in house management capabilities, and seamless renovation execution, the firm is clearly positioned apart from typical value add funds.

·         Streamlined Capital Raising Efforts: With a clear and well-structured presentation, 38th Street Partners is now equipped to effectively engage potential LPs and accelerate commitments to its inaugural fund.

·         Stronger Strategic Narrative: The refined story underscores the firm’s longstanding presence in the Austin market, its extensive experience, and its capability to generate reliable, repeatable, and high margin returns.

Conclusion:
38th Street Partners represents a compelling opportunity in one of the nation’s most resilient and fast-growing real estate markets. Through polished storytelling, clear financial framing, and elevated design, we helped transform their pitch deck into a powerful investor-ready asset. We are proud to support their mission to acquire, reposition, and optimize multifamily properties unlocking value, improving communities, and delivering strong performance for investors.