Track Record Assets
Overview
Track Record Assets is a Houston-based multifamily investment firm with approximately $115M in assets under management, focused on acquiring, repositioning, and operating value-add apartment communities in high-growth Texas markets. The firm specializes in identifying stabilized assets with operational upside and executing renovation and management strategies designed to increase net operating income and long-term asset value.
Platform Overview
5,913 multifamily units owned and operated across the firm's history
$144M+ in value added across prior investments
21 successful multifamily real estate exits
Vertically aligned operating platform integrating acquisitions, asset management, direct property management, financing, and disposition strategy
Deep submarket concentration in Houston, including 770+ units previously owned in the same Champions East submarket as Northside Upgrade
Leadership
Trey Stone, Co-Founder & CEO: 26-year multifamily veteran and syndicator. Former President of the Houston Apartment Association (the youngest president in HAA history) and 3-time "Owner of the Year" award winner at the city (Houston), state (Texas), and national (National Apartment Association) levels. Finance degree from the University of Texas at Austin. Leads acquisitions, asset management, direct property management, and dispositions
Ian Stapleton (SSundee), Co-Founder & CMO: YouTube creator and entrepreneur with 25M+ subscribers and 12+ years as a top content creator. Brings digital reach and visibility to the firm's investor platform
Jared Spain, Chief Investment Officer
Nick Shaffer, Chief Syndication Officer
Brandon Fulep, VP of Investor Relations
Ana Lewis, Regional VP of Operations
Joe Reynaga, VP of Construction
Patty Garcia, Controller
Proven Houston Submarket Track Record
Track Record Assets has executed value-add multifamily plays across Houston for nearly two decades, with notable realized outcomes including La Monterra Apartments (acquired $27.05M, sold $41.5M, $14.45M value created), La Plaza (acquired $11.21M, sold $36M), Central Park (acquired $18M, sold $24M), and Plaza del Sol (acquired $5.38M, sold $12.92M). Current portfolio holdings include Casa Agave (488 units, $59.1M appraised value) and Apollo Palms (124 units).
Investment Strategy
Track Record Assets focuses on acquiring, repositioning, and operating value-add multifamily assets in high-growth Texas metros, with deep concentration in the Houston MSA. The firm targets stabilized workforce housing assets with clear operational upside and executes structured renovation and management strategies designed to improve net operating income and long-term asset value.
Core Approach
Attractive basis acquisition: Target B/C class assets acquired below submarket replacement cost and sales comparable averages, creating immediate spread between purchase price and underlying market value
Interior and exterior value-add: Classic unit upgrades on turnover, seller-renovated unit improvements as needed, and comprehensive exterior and common area rehab including rebranding, landscaping, lighting, and deferred maintenance correction
Operational repositioning: Consolidated staffing and operations, enforced lease standards, renewals and referrals programs, and disciplined management to drive NOI growth
Agency financing discipline: Long-term fixed-rate agency debt structures (typically CBRE/Freddie Mac) with interest-only periods to support renovation execution and maintain capital stability during the hold
Submarket Concentration
Track Record Assets focuses its acquisitions in submarkets where it has prior operating history, direct broker relationships, and proven value-add execution. Nearly every property in the firm's track record sits within Houston submarkets the team has previously transacted in, including Willowbrook/Champions/Ella, Greenspoint/Northborough/Aldine, and FM 1960 East. This concentration allows the firm to underwrite rents, operations, and exits with submarket-specific data rather than broader MSA averages.
Investor Alignment
90/10 LP/GP distribution split across investments
Quarterly distributions with detailed investor reporting through the InvestNext portal
Single share class across all limited partners, with no priority positions between investors
Annual K-1 tax documents issued with projected 50-70% passive loss allocation for the current offering (Northside Upgrade)
Typical 5-year hold period targeting optimal entry and exit conditions
Geographic Focus
Houston MSA and surrounding high-growth Texas metropolitan markets, with particular concentration in workforce housing submarkets characterized by limited new supply, proximity to major employment nodes, and consistent renter demand from Houston's population and job growth engines.
