Coulter Landing

Coulter Landing, a 144 unit garden style apartment project built in the early 1970’s, was acquired in 2004. The property is located in Amarillo, Texas near Amarillo’s Westgate Mall, its regional hospital and the growing west Amarillo area. The project was originally built providing 112,464 square feet, 1 pool, an office and a clubhouse.

As managing general partner, Hunter Interests obtained the equity and debt to acquire and remodel the asset which included the following:

The property was re-branded with the new name “Coulter Landing” to better identify its superior location in the marketplace. The property floor plans were updated and re-named with a new management team and marketing plan that increased value allowing for the property to average a 94% occupancy for 4 years with cash flow increasing by over $100,000 annually. The propery was sold to a German equity fund in 2007.