3829 West Broadway
Brooklyn Center, MN 55422
Communication between Nexus and the owners of the property was not ideal. The owners, located out of state, communicated with Nexus solely over the phone or by e-mail. Some of the problems with the property included:
The rent was below the market value, but the original estate had many beautiful features that the property owners and Nexus wanted to preserve. A full-scale renovation of this apartment complex was not required to raise the rent value or resident satisfaction. Instead, the goal was to highlight the unique character of the building and grounds.
The Point Apartments were brought to life with improvements that did not involve complete renovation of the premises:
Because of these and continual improvements to the property, rents were raised from an average of $575 at closing, to $975 in 2018. The Point Apartments now boasts the charming appearance of a bed and breakfast, located in the heart of Robbinsdale.
Nexus has a special way of doing things; I call it the "right way". Their knowledge of the industry combined with professionalism and business aptitude makes Nexus a rare gem. During the last two years I have watched Nexus overcome and surpass any challenges and goals set for themselves. The team of property management professionals consistently delivers an impressionable performance, based on quality of the projects, occ…
I have had the pleasure of working with Nexus on several successful apartment renovation projects. Under Mike's leadership, each project was completed within budget and the end result was a clean, professionally managed community. Mike is a knowledgeable entrepreneur and a great asset to the industry and I would recommend Nexus' services to any owner/company looking to maximize their asset.
Nexus has been fantastic to work with. They have a great understanding of what it takes to accomplish real financial success and investor return at your properties. Nexus is truly focused on exceeding net operating income targets and investment return. At the same time, it is a creative marketer. Nexus is able to think outside of the box to achieve property lease up and above average resident retention. They are totally o…
I truly appreciate the relationship I’ve been able to build with Nexus the past couple of years and I’m impressed with Mike's drive to bring new technologies and efficiencies to Nexus. He's truly an asset to his company and to the multi-family industry.
Nexus has stepped up to the plate with an affordable management service that has met every need. The management has handled customer relations with an effective personal touch. The management was able to staff up to take over management on the first day. They handled an overnight emergency two weeks into their service by assuming on-site presence immediately and informing owners within hours.
Nexus Real Estate Services and Team have worked with Carpathian Capital since 2012 completing two successful value add projects. One project recently achieved a 171% ROI and 51% rent growth, we highly recommend Nexus and team based on their performance.
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