Lead Equity Acquires Second Property

Lead Equity Group is excited to announce it's second acquisition- River Run Apartments, a 112-unit multifamily property in Texarkana. Built in 1978 and 1980, the well-maintained complex benefits from previous upgrades including new windows and Hardie board siding, with only modest capital improvements needed—primarily new roofs, electrical upgrades, and bringing units to market-ready condition. The value-add strategy focuses on quickly stabilizing occupancy above 90%, pushing average rents from the current $667 per unit to over $744, and achieving strong cash flow within the first two years. Texarkana’s growing economy, supported by major employers such as CHRISTUS St. Michael Health System, Red River Army Depot, and Cooper Tire, along with excellent highway and interstate connectivity, positions the asset in a stable and expanding market with limited near-term population growth but solid workforce demand. We expect this investment to provide investors with solid investment returns over the next several years.