Bellaire Oaks Apartments and Blackwing
January 28, 2025: Bellaire Oaks Apartments is pleased to announce its new services agreement with BlackWing Partners to bring dedicated gigabit fiber internet to the apartment community.
The “Bellaire Oaks_SERVICE AGREEMENT_2025_Jan_30-2025.pdf” outlines an annual NOI revenue of $204,256. Tenants benefit from a $29.00 monthly savings compared to the Xfinity product available at the property. Based on a 6.6% cap rate, this NOI translates to $3,234,789 in equity and assumes a 95% occupancy rate.
At the current 91% occupancy, the NOI and equity value are slightly lower. However, ownership benefits from a discounted cost until lease-up reaches 95%. Historically, this utility has contributed to a 3-5% increase in occupancy rates. Ownership revenue per door is $25.20/mo.
In exchange, residents gain access to a commercial-grade, carrier-class Dedicated Internet Access (DIA) service—typically reserved for Fortune 500 companies—that is available both wired and wirelessly in their homes. It is unbundled and provides choice to the tenants.
This high-quality internet service has been shown to boost occupancy rates and leasing opportunities. By upgrading the property with reliable, dedicated fiber internet that offers synchronous gigabit upload and download speeds, Bellaire Oaks Apartments cater to the needs of Millennial and Gen Z residents. Whether it’s streaming, gaming, working from home, creating content, or any other essential activity, residents can enjoy seamless connectivity for a comfortable living experience.
The campus will feature a fiber optic backbone similar to those used by major businesses, hospitals, professional sports stadiums, and critical infrastructure across the country. Additionally, the property will offer campus-wide Wi-Fi, allowing residents to stay connected no matter where they are on the grounds.
“BlackWing Partners is thrilled to partner with Bellaire Oaks Apartments to offer residents our premium, always-on dedicated gigabit fiber internet service. This service will provide an experience unlike anything they’ve had before. Along with our exceptional customer service and support, residents will enjoy seamless streaming, gaming, content uploading, remote work, and the ability to connect all their devices—maintaining gigabit speeds even during peak usage times. It’s truly an exciting time!”
– Cheyene Winget, President, BlackWing Partners.
The Leasing Office will be equipped with cutting-edge Artificial Intelligence (AI) unified
communication and customer experience tools. These tools will allow leasing agents to manage all communication with prospective and current residents and track their performance both in real-time and historically. Property owners will have access to these data points and insights at any time, with real-time visibility.
Reach out to us today to get a free consultation.
Generate a new, consistent revenue stream with internet-as-a-service that flows directly to your bottom line. Instead of tenants paying outside providers, they pay you—transforming internet access into a valuable property amenity that increases NOI. Additionally, BlackWing’s tiered pricing model allows you to cater to varying tenant needs, offering upgraded speeds for higher rents.
info@blackwingpartners.com
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