The Deal File: How We Found, Priced, and Stress-Tested a 2026 Acquisition 

In 2020, hurricanes put 408 of our 616 Lake Charles units back to the studs. In 2026, we bought more. A decision like that is where a sponsor’s judgment shows. We're opening up this deal file so that you can see ours. Read it with the skepticism you'd bring to any sponsor.

What you'll learn:

  • How the deal found us: The seller's deadline that brought a Class A property to market early in a recovery, and why we were ready to move.

  • How we screened it: The three questions we ask of every deal, and how this one measured up.

  • How we priced and financed it: What we paid per door against what it would cost to build today. 

Lake Charles Deal Kit Paper v3 COVER IMAGE_Page_01

Get the Deal File


A Preview of What's Inside


3 of the numbers behind our "yes."

  • ~22% below comparables: West M’s rents, per unit, against 6
    nearby properties.
  • 15,000–20,000 jobs: Arriving with the LNG build-out, in a renter market
    of ~25,000 households.
  • 0.8%: Share of Lake Charles’ housing stock under construction.