Start Earning Passive Income.
Put your money to work for you. Collect quarterly payments and back-end profits by investing in our apartment building deals.
START EARNING
We partner with equity investors like you to acquire stabilized, undervalued apartment buildings in growing markets. Our deals benefit you, the investor, in three ways:
During the holding period, we strive to provide you with quarterly payments out of the property’s operating income.
Secondly, our deals are structured so you can benefit from the significant tax-advantages that direct real estate investments provide. This often-overlooked benefit can be a real game-changer.
Finally, when we sell the property, you share in the profits. Our target on most projects is to at least double your initial investment.
127
Over 125 families sleep under our roofs.
2013
In the apartment business since 2013.
$15,000,000
We operate over $15m of real estate.
HOW WE DO IT
We purchase performing but undervalued apartment communities in growing markets. We do this by partnering with equity investors like you to finance the down-payment, closing costs, and rehab budget.
After we close on a property, we immediately start re-positioning it, using creative strategies – and old fashioned hard work.
Our improvements allow us to raise rents and lower vacancies. We also audit for inefficiencies and eliminate unnecessary expenses.
These changes quickly add up to increase the property’s net income. Since equity investors like you are our majority shareholders, most of this income is paid out to you through quarterly cash-flow distributions.
The value of an apartment building is based on its annual net operating income. The higher the net operating income, the higher the value of the building. So as we raise the operating income, we also force up the value of the building.
Once a property’s value reaches our exit criteria, we list it for sale. Upon sale, the majority of the profits is immediately distributed back to our equity investors.
I have known and worked with Chris for over ten years, and I don’t know anyone who I’d trust more investing my retirement money with. My most recent investment with him, through my self-directed IRA, has already doubled in value in less than 3 years! ”
Harold S. – Staff Software Engineer, San Francisco, CA
After studying up on real estate investing and trying it first hand, I discovered that I love the wealth-growth potential of real estate a lot more than the daily grind of owning and operating it.
With Chris running the property, I am achieving spectacular returns – while I spend my time doing what I most enjoy! ”
Julien C. – Staff Software Engineer, San Jose, CA
Chris is a savvy, honest, responsible investor with great judgment. I’ve known him and seen him grow his portfolio for about 8 years now, and I’ll invest with him anytime. I don’t know what else to say. ”
– Ryan R. – Real Estate Broker, Stockton, CA
OUR MISSION
It’s our mission to help you to get your money to work hard for you – instead of the other way around. We do this by providing you with opportunities to passively invest in our hand-picked commercial apartment building deals.
By managing the investment we strive to help you achieve outstanding returns, without you having to sacrifice your time, or peace of mind.
Finally; all TripleAdd deals aim to add value three times: for you, the investor, for our residents and for the neighborhoods we operate in.
Get your money to work for you – not the other way around!
PROPERTY SHOWCASES
71 Apartments – Dallas, TX
This apartment community from the late 1970’s was recently acquired and is now in the process of being repositioned.
Exterior and landscape improvements are currently being evaluated in order to increase the rent-appeal of the property.
Water saving improvements have already been made, and a utility bill-back program is rolled out as leases renew and new residents move in.
Moving the property’s old “leasing office” out of the unit where it was located has added one more rentable apartment – increasing the properties operating income.
When residents don’t renew their leases or move out, vacated apartments are rehabbed to modern standards – and full market rents.
Like for all our properties a specialized management company has been contracted to operate the property more efficiently. To date, the project is on track to achieve its goal of doubling its investors’ equity.
38 Apartments – Yuba City, CA
This apartment community just north of the booming Sacramento MSA was built in the late 1960s. Its previous ownership group was preoccupied with other businesses and could not give it the attention it needed. The property looked ‘tired’ and most units’ interiors were long overdue for replacement.
Immediately after the acquisition, the property received extensive exterior and landscaping improvements, greatly improving its curb appeal.
Over the last two years, about two-thirds of the units were fully rehabbed, which allowed rents to be raised to their full market potential. Water-saving fixtures were installed throughout, and a utility bill-back system was implemented to further save water – and money.
To increase its axillary income, the old laundry contract was cancelled and brand new, wholly owned laundry equipment was installed.
These and other changes have resulted in a higher standard of living for the residents and caused the net operating income and property value to more than double.
18 Apartments – Stockton, CA
This portfolio from the late 1970’s, is a testament to the benefits of long term apartment ownership in growing markets.
Acquired in 2013, the exterior of these apartments has been thoroughly renovated, significantly improving curb appeal.
Any vacated apartments were rehabbed to the latest standards, including stainless steel appliances and granite countertops.
By providing top-quality apartments and service, and by placing highly qualified tenants, delinquencies are very low while tenant retention rates consistently exceed market averages.
High-end rehabs, combined with strong market conditions, have resulted in rents on new leases more than doubling over the 8+ years holding period.
These higher rents have driven the annual cash-on-cash yield of the portfolio up to a spectacular 25%+.
During the holding period, the investor’s equity in the portfolio has grown to more than five times the invested amount.
ABOUT US
Marco Schweighauser
Principal
Marco is a Swiss-born, Texas based software engineer, entrepreneur, and real-estate investor. He uses his highly analytical, detail oriented mindset to thoroughly underwrite submarkets and properties to find hidden gems for his investors.
Marco’s many years of project management experience and construction background help keep everything on track during the properties’ repositioning phase.
When he is not busy finding our next deal, Marco likes to spend time hiking with his wife Dina.
Chris Vandervaart
Principal
Originally from the Netherlands, Chris is a California based, full-time real estate investor specialized in purchasing and operating value add apartments and self-storage deals.
His BS. in Business Economics, experience with rehab work, and 8+ years of profitable, hands-on apartment ownership help him navigate apartment syndication and operations’ intricacies.
He likes to share his passion for real estate by presenting on the subject to the San Francisco-based VIG real estate meetup group, which he has co-hosted for over five years.
Interested in working with us?