S2 specializes in buying "B and C" quality assets that are under leased and poorly managed in markets that have positive demographics, strong submarket rent and occupancy growth, and properties that have a strong ability to quickly reach a stabilized cash flow with modest leverage. This approach dramatically reduces risk and creates a cash flowing asset that can be sold or re-financed within 18 to 24 months.
S2 has successfully purchased and renovated over 7,000 units in Dallas/Ft. Worth and tailors the renovation to the asset and its standing in its competitive set. The principals at S2 have asset managed almost 100,000 apartment units over the past 20 years and have a very "hands on" approach to management.
S2 typically invests $4,000-$8,000 per unit upgrading both the common areas and units and its properties, resulting in a 20-30% return on investment from its capital expenditures.