“I make no attempt to forecast the market—my efforts are devoted to finding undervalued securities.”
- Warren Buffet
Flite Properties
We acquire value add & opportunistic commercial real estate assets that we can quickly re-position and STABILIZE, while increasing the value with limited risk. in addition, we look for assets located in communities that are on the path of progress & innovation where we can help further that progress.
The Spruce Apartments
South Lake Tahoe, CA - 12 units acquired May 2022
100% Vacant in SLT!
Flite pleased to present Spruce Apartments, a 100% vacant 12-unit apartment community nestled in the resort town of South Lake Tahoe, California and half a block away from our 13 unit property, Leawood Apartments, and across the street from our most recent acquisition, the 20 unit Blackwood Apartments. Again, working closely with a local broker and partnering with Clearwater Construction, a well established local contractor, we were able to beat out 7 offers and secure the deal for…..
The Blackwood Apartments
South Lake Tahoe, CA - 20 units acquired March 2022
Another SLT Property!
Flite pleased to present Blackwood Apartments, a 20-unit apartment community nestled in the resort town of South Lake Tahoe, California and half a block away from our 13 unit property, Leawood Apartments that we currently own. Working closely with a local broker and partnering with Clearwater Construction, a well established local contractor, we were able to secure the deal off-market for…..
The Wall Street Executive Storage
Spokane, WA - 414 self-storage units & 7 office spaces acquired December 2021
Self-Storage Deal!
Flite is pleased to present the Wall Street Executive Storage, a fully renovated, 414 unit, brand new self-storage facility with 7 office units and bulk storage located in the heart of downtown Spokane, Washington. This is an off-market deal presented to us through our broker network…..
The Harrison Apartments
Redwood City, CA - 15 units acquired November 2021
Near Downtown!
Flite is excited to present Harrison Apartments, a wonderful and almost half vacant 15-unit apartment complex located in a highly desirable area of Redwood City, California. Working closely with our Marcus and Millichap broker team, we were able to quickly secure the deal…..
The 1818 Apartments
Sacramento, CA - 12 units acquired September 2021
Acquired 100% Vacant
Flite is pleased to present 1818 Apartments, a 100% vacant 12-unit apartment community in the heart of the vibrant Downtown-Midtown, Sacramento neighborhood. Working closely with our Colliers International broker team, we were able to secure…..
The Leawood Apartments
South Lake Tahoe, CA - 13 units acquired September 2021
South Lake Tahoe Value Add Deal
Flite is pleased to present Leawood Apartments, a well-kept 13-unit apartment community nestled in the resort town of South Lake Tahoe, California. Working closely with our Marcus & Millichap broker, we were able to secure…..
The Jose Figueres
San Jose, CA - 12 units acquired November 2020
Silicon Valley Syndication
The Jose Figueres Apartments is a 12-unit apartment community consisting of 2 parcels of 6 units each that are adjacent to each other and strategically located in east of downtown San Jose, California. This is an off-market deal….
The Deland Apartments
San Jose, CA - 6 units acquired May 2020
San Jose cash for keys
During the unprecedented and challenging Covid-19 times, the strength of the Flite reputation has allowed us to acquire our first property in the San Jose market…..
The Palms Marconi
Sacramento, CA - 45 units acquired March 2020
Arden-Arcade Market
The Palms Marconi is a 45 unit apartment community conveniently located in the Arden-Arcade submarket of Sacramento, California. This has been partially through a repositioning process…..
The Palms Watt (Exited Deal)
Sacramento, CA - 11 units acquired November 2019/ EXITED August 2021
Just exited!…..
Congratulations to all of our investors who invested in this deal!
Flite is pleased to announce that escrow has closed on the sale of 3911 Watt Ave, Sacramento, CA and we have received proceeds from Title. This is another successful project…..
The Winsdale Apartments (Exited Deal)
Sacramento, CA - 14 units acquired May 2019/ EXITED December 2020
23% IRR & 40% MOIC
Winsdale Apartments is a 14 unit complex acquired off-market in March 2019 for $1,495,000 located in the Arden-Arcade area of Sacramento, CA. It is a value-add multifamily opportunity…..
The Flora Apartments
Stockton, CA - 15 units acquired November 2018
Stockton Market
The Flora Apartments is a 15 unit property located just north of downtown Stockton, CA, a few blocks from our Sutter Court property. We acquired this asset on November 2018 for $965,000, a fraction of the market value…..
The Fallen Leaf Apartments (Exited Deal)
Stockton, CA - 14 units acquired September 2018/ EXITED October 2019
47% IRR
achieved
The Fallen Leaf Apartments in Stockton, CA is an exceptional property consisting of 14 units - 8 units with 2 bedrooms/ 1 bath and 6 units with 1 bedroom/ 1 bath in 4 separate buildings. Flite has acquired this property by beating out 13 offers and closing in 14 days…..
The Sutter Court (Exited Deal)
Stockton, CA - 16 units acquired April 2018/ EXITED September 2019
55.4% IRR achieved
Sutter Court is a beautiful 16 unit property just north of downtown Stockton, CA, has been fully renovated and through the value add process, achieved top market rents…..
Flite Office Renovation
San Ramon, CA
Leveraging our skills…
The Flite team was fortunate enough to have found this great space for our office located in San Ramon, CA. We acquired the space in May 2020 and quickly got our construction team started on the interior renovations. Leveraging our architectural background…..