TJ Franks began his career in Multifamily real estate as the onsite manager of the apartment complex he lived in during his tenure at Michigan State University from 1992-1996. Mr. Franks purchased his first sizeable multifamily property in 2012 from the City of Dallas (Town Lake Apartments). It was so "dangerous and substandard" that the lender wouldn't even foreclose on the property because they did not want the liability of getting in the chain of title. Mr. Franks believed in the area and invested 3x the cost of the property into improving the asset and continued to invest in the area with the purchase of two other properties. Since that time, he has closed on several deep value-add/distressed assets as well as stable cash-flowing properties. The investors have realized up to 25X the return of their investment for the deep value add plays and well above market returns by leveraging TJF Investments renovation team and knowledge. Mr. Franks is now leveraging his experience as former Chairman of the Board for Economic Development in the Vickery Meadow submarket of Dallas, multifamily operating/repositioning and has set his site on multifamily and mixed used developments that will have a positive impact on their communities by partnering with Hoque Global, Kanesville Capital, and multiple municipalities to have a larger impact in areas of the cities that the government would like to see improved and redeveloped. He has also partnered with Solona Capital to develop phase II of 9th Street Apartments in Midlothian.
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