Providence Investments

Puerto Del Mar Apartments

580 Units Multifamily Value-Add Investment Opportunity

in Corpus Christi, TX.




Target IRR


Annualized Cash On Cash


Total Equity

Projected Returns

Puerto Del Mar Apartment’s leading source of new leases is drive-by traffic attributable to property’s visibility along both Caravelle Parkway and Holly Road which has only been enhanced by the appealing exterior improvements and new monument signage.

Thriving Market

Corpus Christi, Texas

Holding Period

3 years

Target IRR


Annualized Cash On Cash





$18 Million

Stabilized with Value-Add

Class Type B

Executive Summary

Puerto Del Mar, the third largest apartment community in Corpus Christi, is equipped with 580 units providing an incredible opportunity to quickly create or add significant scale in the market. The property offers an inviting unit mix including one-, two-, and three-bedroom flats and townhome style units, nearly all of which saw extensive unit upgrades over the last 4 years.
$2,000,000+ Delta between purchase price and appraisal.

★ offering For Accredited Investors Only

Our Strategy


Providence Investments invests in markets with a balanced population growth, high tenant demand, key demographics, strong leadership and employment growth, which has proven to be the winning formula in our investment strategy.


We focus on primary and secondary markets in Southeastern states, including Alabama, Georgia, Florida, North Carolina and in a few northern and midwestern states with barriers to entry. These principles have allowed Providence Investments and its partners to flourish and outperform the toughest economic market in history.

Value Add Potential

Through the acquisition of properties within locations of strong economic drivers, we add value by acquiring multifamily investment opportunities in prime and growing areas well below replacement cost, improving management efforts, and controlling operations to maximize value and returns.

Invest In This Deal

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With a growing footprint across the Southeast, we focus on a 5-10 mile range from large employment centers and school systems, within the path of progress.

This material does not constitute and should not be construed as an Offering of advisory services or an offer to sell or solicitation to buy any securities or related financial instruments in any jurisdiction in which such offer or solicitation, purchase or sale would be unlawful under the securities, insurance or other laws of such jurisdiction. Responses to any inquiry which may involve rendering of personalized investment advice for compensation or effecting or attempting to effect transactions in securities will not be made absent compliance with state broker dealer, investment advisor or applicable agent or representative registration requirements, or applicable exemptions or exclusions therefrom. The term “Providence Investments” used herein refers to Providence Investments, LLC, an Alabama limited liability company, and its affiliates.
A potential investor considering an investment in this project through a vehicle sponsored by Providence Investments (the “Fund”) should read this brochure in conjunction with the Fund’s confidential private placement memorandum (the “PPM”). The PPM contains a more complete description of the Fund’s investment practices, restrictions, risks and other factors relevant to a decision to invest. All information herein is subject to and is qualified in its entirety by the PPM. Terms used but not defined herein shall have the meanings set forth in the PPM. Any potential investor should direct all inquiries regarding the Fund to a client service representative of Providence Investments or such other placement agent.
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