Refuge Investments

Capital Expenditures (CapEx)

Commonly referred to as CapEx, describes the funds used by a company to upgrade and maintain an apartment community. More specifically all monies spent to improve the useful life of the property deemed to be durable and thus depreciated over time.

For example; repairing a parking lot, repairing or replacing a roof, installing carports, exterior paint, large renovations of landscaping and the Clubhouse would be great examples of exterior CapEx expenditures. While new kitchen cabinetry, countertops, appliances, flooring etc. would be good examples of interior CapEx improvements.