Fox Pointe
120-unit apartment community

  • Purchased in a distress sale (maturity default)
  • Over $1 million in upgrades and capital improvements completed within the first 12 months of ownership
  • Within 48 months, gross income had increased by almost 34%*, and NOI increased by almost 70%*​​
  • 100% of capital returned via opportunistic refinancing*
  • Property is still  100% owned and cash flowing
$1,000,000   equity  raised

Chimney Hill
58-unit apartment community

  • The property was acquired 25% below the asking price and well below replacement cost
  • Improved management, better expense controls and interior upgrades increased NOI by more than 133%* since the acquisition
  • 100% of capital returned via opportunistic refinancing*​
  • Property is still  100% owned and cash flowing
 $315,000   equity  raised

Charleston Square
88-unit apartment community

  • Purchased  off market with no competition
  • The property was purchased well below replacement cost with rents that were 25% below the local market. 
  • 12 months after acquisition, annualized cash return on equity exceeded 10%*, the property was 100% occupied*    and debt service coverage ratio exceeded 2x*
  • 100% of capital returned via opportunistic refinancing*​
  • Property is still  100% owned and cash flowing
$1,250,000   equity  raised

Kensington Ridge
150-unit apartment community

  • The property was 78% occupied at closing and suffered extensively from deferred cosmetic and structural maintenance and inconsistent management.
  • New management dramatically improved the property’s competitive position. 
  • Interior upgrades generated 20%  rent growth on new leases in the first year, on average*.
  • Occupancy increased  to approximately 90% and NOI has increased by over 150% vs. the first year of operations*.
$1,600,000   equity  raised
* Unaudited.  Past performance  is no guarantee