Element at Cedar Bluff

The Opportunity

Element at Cedar Bluff was owned and managed by a California-based family with 50+ years of operational experience. The property operated as short-term furnished rental units, leaving significant long-term potential unrealized. Springer Capital identified a compelling repositioning opportunity: convert the property into traditional market-rate apartments and inject new capital to strategically unlock its full potential.

The Impact

Springer Capital invested approximately $5 million in comprehensive renovations across interiors, exteriors, and amenities. The transformation elevated the resident experience, enhanced the property’s curb appeal, and positively impacted the surrounding neighborhood, all while keeping rent affordable. This transformed the property into a thriving community delivering consistent returns.