iRent Corporation

iRent Corporation is a Commercial Property Development Company.  We specialize in fixing broken multi family properties.   Some of our projects include:

The Kate in Wichita Falls Texas.  This historic building was constructed as a hotel and office building in 1967.  In 2023 we gutted it and converted it into 170 residential and 5 commercial spaces.

Villa Nueva Apartments in Houston Texas.  When we purchased this property from the bank, less than 40% of the 540 units were occupied.   There had been several fires on the property, and many of the units were boarded up.   Within 18 months we had occupancy at 98%+, and continued to operate it at those levels for several years.  Income nearly tripled after our restoration.  

Sago Palms Apartments is a 240 unit property at the north end of Houston Texas.   It was so run down when we purchased it that someone had literally hooked up a chain to the copper water lines on one of the buildings, and driven off taking all the copper ripped from the building.  The water was turned on at the time and all 12 units were flooded.     During our tenure, we rehabilitated the property, more than doubling both the occupancy and the income.

City Center Wichita Falls, was a 5 story vacant office building.  We converted it to a 30 unit loft style apartment complex while leaving the ground floor retail.  It currently operates at over 90% occupancy.