Coronado on Briarwood
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Midland, TX

Residential - Apartments

Due Diligence and Development Oversight


    RPL provided due diligence services for an institutional equity partner.

    Unique Approach

    • Located in a unique market (Midland, TX) where resources and qualified trades are hard to come by, especially given competing oil field jobs that tend to pull away tradesmen.
    • Established a schedule that allowed for trades to remain on site for extended periods of time (i.e. having 4 slabs poured and ready for the framer before allowing the framer to start, then having 4 more slabs ready but not letting them start on them until 3 of the previous 4 had roofs on them first)
    • Established a staging and material storing lot to acquire as much material for the project as possible early so that the project was not waiting on materials to arrive.


    • The project delivered 3 months ahead of initial schedule.
    • Project delivered $830k under initial budget.

    Scope of Work

    New development of a Class A garden-style apartment community including a luxury clubhouse with a pool, outdoor pool pavilion with kitchen space, and amenity deck.

    Project Summary

    • Client: One of the largest institutional private equity investment firms
    • Location: Midland, TX
    • Size: 384 units, 3 floors, 16 buildings, 337,560 RSF, 17+ acres
    • Timeline: 2018
    • Services: Due Diligence and Development Oversight
    • Cost: $58 million
    • Architect: Humphreys & Partners Architects
    • Contractor: Stonehawk Woodford GC
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