Ridgeland Ranch Apartments is comprised of one-, two-, and three-bedroom apartments or townhomes. Every floorplan features spacious living areas, a cozy fireplace, a fully-equipped kitchen with black appliances, generous storage space, smart locks and thermostats, washer/dryer connections, and a private patio or balcony. Ridgeland Ranch Apartments offers many amenities, such as a swimming pool, a 24-hour fitness center, and an on-site dog park. For convenience, the property also offers an on-site laundry facility, a children’s playground, and off-street parking.
In August 2016, StoneRiver obtained Ridgeland Ranch and Hampton House from an out-of-town owner as their first investments in Fund I. Ridgeland Ranch is situated in Jackson, Mississippi, just opposite Hampton House on East County Line Road. StoneRiver implemented a value-add approach that encompassed enhanced property management and minor physical renovations.
Garden Style Apartments
# of Units
Management Upgrade – Ridgeland Ranch 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.
The views, opinions, and assumptions expressed on this website are subject to change without notice, may not come to pass, and do not represent a recommendation or offer of any particular security, strategy, or investment. This website is not intended to be, nor shall it be construed as, investment advice or a recommendation of any kind. No representation or guarantee is being made that an investor will or is likely to achieve any results shown on this website, make any profit at all, or not suffer losses, from any future investment sponsored by StoneRiver. Past performance is not indicative of future results. It should not be assumed that investments made by the Fund will equal the performance of previous StoneRiver funds or investments or be profitable. Sources of Information: Certain information and data contained herein are based on or derived from information provided by independent third-party sources. StoneRiver believes that such information is accurate and that the sources from which it has been obtained are reliable; however, it cannot guarantee the accuracy of such information and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based.