A 16-unit apartment building renovated and fully leased

Provenial purchased a 16-unit apartment building, managed the remaining lease terms, then renovated and re-leased it. All 16 units were leased afterward.

Property
16-unit apartment building
Our role
Purchaser and operator
Outcome
Fully leased after renovation

From repairs to renovation

After owning a 16-unit apartment building for 22 years, the owner faced repairs he did not have the capital to fund.

Provenial purchased the property and managed the existing leases through their remaining terms. We then remodeled and re-leased the complex.

Following the renovation and re-leasing process, all 16 units were leased.

Published October 1, 2026 · By Provenial

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