NAPALI CAPITAL CELEBRATES FIRST ANNIVERSARY, REPORTS OVERWHELMING SUCCESS
Napali Capital credits achievements to experience, properties, investors.
Napali Capital, LLC, a leading real estate investment company, celebrated its first anniversary by announcing its remarkable growth. The company began on December 23, 2016, and has since grown to a portfolio of 10 multifamily properties throughout Texas, Oklahoma, Wisconsin, and Georgia. Two additional acquisitions are scheduled to close in the new year.
Napali Capital was founded by Thomas Black, M.D., and his brother Tim Black, as a way for investors to grow their wealth outside of conventional investing methods through passive income streams. Thomas Black, also known as The Passive Income Physician, combined his experience in multifamily real estate investment with Tim Black’s experience as COO of Great Wolf Resorts to build the business model and company approach: educate, partner and invest.
“We were confident in our business plan from the beginning and were fortunate to find like-minded investors who saw the potential in what we were doing,” said Thomas Black. “We are happy to say it’s been a successful year for everyone involved.”
Since inception, Napali Capital has closed on 946 units and has partnered with more than 250 investors from 19 states. Two additional acquisitions scheduled to close at the beginning of 2018 will bring the company’s property count to 12 and total number of units to 1,219.
“In addition to having a great group of investors, we’ve been able to acquire exceptional properties in our target markets,” said Tim Black. “Our focus is on areas with a strong economy, low unemployment and job growth.”
Napali Capital’s multifamily properties include Adira Apartments in Dallas; Monterrey Apartments and Birchman Commons in Fort Worth, Texas; Social House in Nacogdoches, Texas; Charleston Heights at Midtown and Ridgeview in Tulsa, Oklahoma; Mountain Lake Apartments and Residences at Stonebrook in Atlanta; and Ridgeway Commons and Mansion Hill Four in Madison, Wisconsin.