Value-Add Acquisition

Hampton House

Jackson, Mississippi

Property Overview


Hampton House Apartments offers one- and two-bedroom apartment homes ranging in size from 780 to 1,040 square feet. Amenities include central heating and cooling, hardwood-styled floors, a private patio/balcony, and more. Hampton House offers amenities such as a swimming pool with sundeck, a courtyard with a fountain, a fitness center, and on-site laundry.

Investment Overview


In August 2016, StoneRiver obtained Hampton House and Ridgeland Ranch from an out-of-town owner as their first investments in Fund I. Hampton House is situated in Jackson, Mississippi, just opposite Ridgeland Ranch Apartments on East County Line Road. StoneRiver implemented a value-add approach that encompassed enhanced property management and minor physical renovations.
Jackson, Mississippi
Property Type
Garden Style Apartments
Project Type
Light Value-Add
Year Built
# of Units
Date Acquired
August 2016
Date Sold
January 2021

Investment Rationale

Management Upgrade – Hampton House was owned by a California-based individual and managed by a third-party property management company.StoneRiver identified potential value creation from StoneRiver Property Management’s expertise and ability to greatly improve the property’s rent roll and overall performance.


Modest Physical Updates – StoneRiver’s construction management team oversaw the completion of modest physical upgrades to the property and addressed certain deferred maintenance items aimed at making the property more desirable to prospective residents.


Prime Location – Hampton House is situated in a highly desirable Jackson, Mississippi neighborhood, with neighboring homes valued at around $1 million. It is also within a few miles of both Jackson Country Club and upscale shopping at Renaissance at Colony Park.