We were our own
first investors.

Principal Case Studies

The projects below were acquired and operated by DK Equity's principals in their personal capacities, prior to and independent of DK Equity's sponsored offerings. They are a limited selection from a double-digit number of projects the principals have seen through at least one liquidity event. Full property-level detail is available to investors on request. DK's acquisitions are shown separately.

39-unit apartment community in Moses Lake, Washington, after renovation

The 39-unit Moses Lake property before acquisition, with unpaved grounds and deferred maintenance

Principal Portfolio Refinanced & Held

39 Units · Moses Lake

1952 · Single-Level Apartments · Value-Add

Listed on and off for thirteen years before the principals acquired it with $1.7 million in seller financing. At takeover the property collected $5,000 a month across 39 units, with criminal activity the market had priced as permanent. New siding, pavement, and unit renovations, paired with new management, restored it to stable operations. Refinanced and held.

Acquired 2021: $2.0M
Capital Invested: $600K
Collections at Takeover: $5K/mo
Appraised 2025: $3.9M

Aerial view of a 12-unit apartment property in Moses Lake, Washington, with a new pitched roof

The 12-unit Moses Lake property before acquisition, with gravel walkways and aging exteriors

Principal Portfolio Refinanced & Held

12 Units · Moses Lake

1954 · Single-Level Apartments · Value-Add

Sourced off market and acquired with full seller and private financing. Rents were raised and reinvested into property improvements, including a pitched roof, while the property held 100 percent occupancy throughout. Average rents moved from under $600 to $950. Refinanced and held.

Acquired 2020: $680K
Capital Invested: $150K
Average Rent: $600 → $950
Appraised 2026: $1.4M

Renovated mixed-use buildings in Ephrata and Soap Lake, Washington

The Ephrata building before acquisition, with peeling paint and a vacant, deteriorated exterior

Principal Portfolio Refinanced & Held

14 Units · Ephrata & Soap Lake

1920s–30s · Two Mixed-Use Buildings · Reposition

Two mixed-use buildings, each stale on the market for more than 200 days, acquired together with a bank note and a seller second. Cosmetic renovation, new units added from unused space, and a full lease-up took the vacant building from empty to full. Combined rent roll grew from $5,850 to $13,350 in under a year. Refinanced and held.

Acquired 2025: $545K
Capital Invested: $80K
Occupancy: 57% → 100%
Appraised 2026: $1.2M