Regency Apartment Homes
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Regency Apartment Homes

Williston, ND

One of the largest institutional private equity investment firms

Pre-Venture Diligence and Development Oversight

Our Role

RPL provided pre-venture diligence and development oversight services for a private institutional equity partner.

Unique Approach

  • Heavy attention paid to ensuring material and labor availability in the remote location.
  • Exterior walls were panelized on site prior to tough winter weather conditions.
  • Coordination required with adjacent single-family home development.

Outcomes

  • Completed on time and within budget.
  • Robust lease up.

Scope of Work

Development of five 3-story buildings containing 144 rental apartments, a community clubhouse, and multiple enclosed parking garages plus surface parking.

Project Summary

  • Client: One of the largest institutional private equity investment firms
  • Location: Williston, ND
  • Size: 144 units, 3 floors, 154,200 SF
  • Timeline: 2014 to 2015
  • Services: Pre-Venture Diligence and Development Oversight
  • Cost: $29 million