Properties Sold
Langley Place in Decatur, GA
ABOUT THIS PROPERTY
Acquired Year: 2021
Date Sold: 11/2022
Equity Multiple: 1.65x
IRR: 44%
Waterstone Place in Stafford, TX
ABOUT THIS PROPERTY
Units: 168
Acquired Year: 2016
Date Sold: April 2018
Equity Multiple: 1.71x
IRR: 41.63%
This 168 unit multifamily apartment community was acquired in 2016. The property features lush landscaping, as well as an executive business center, fitness center and 2 playgrounds. Each apartment comes equipped with stainless steel kitchen appliances, granite countertops, full size washer and dryers and more.
Life at Spring Estates in Houston, TX
ABOUT THIS PROPERTY
Units: 372
Acquired Year: 2019
Date Sold: May 2022
Equity Multiple: 2.09
IRR: 26.31%
This 372 unit apartment community was acquired in 2019. Built in 2008, it is sophisticated living, with a community pool, gym, BBQ area and business center. The property features manicured lawns, large palm trees and a park like setting.
Park Valley in Decatur, GA
ABOUT THIS PROPERTY
Units: 236
Acquired Year: 2/1/2020
Date Sold: 6/28/2023
Equity Multiple: 2.00x
IRR: 34.46%
Park Woods Estates in Stone Mountain, GA
ABOUT THIS PROPERTY
Units: 102
Acquired Year: 11/1/2019
Date Sold: 10/4/2022
Equity Multiple: 1.44x
IRR: 18.00%
Apartment Complex in Stone Mountain, GA
ABOUT THIS PROPERTY
Units: 556
Acquired Year: 2018
Date Sold: June 2021
Equity Multiple: 1.52x
IRR: 16.67%
Located in a growing suburb of Atlanta, Georgia. Acquired in August 2018. Our opportunity is to better manage the property and add value through property improvements.
Multifamily Portfolio in Austin, TX & Raleigh, NC
ABOUT THIS PROPERTY
Units: 826
Acquired Year: 2017
Date Sold: December 2020
Equity Multiple: 1.50x
IRR: 13.31%
Class A Multifamily Portfolio with 826 units in growth markets of Austin, Texas and Morrisville, NC (Raleigh market) with large average unit size in excess of 1,000 sq feet and built in 2007.
Apartments in West Philadelphia, PA
ABOUT THIS PROPERTY
Units: 42
Acquired Year: 2016
Date Sold: December 2021
Equity Multiple: 2.05X
IRR: 16.5%
Multifamily property located in the revitalizing University City Neighborhood of West Philadelphia. The property was developed and purchased in three phases through 2016-2017. Since development, the property has stabilized operations and is producing significant cash flow.
Apartment Community in Bentonville/Rogers, AR
ABOUT THIS PROPERTY
Units: 392
Acquired Year: 2015
Date Sold: January 2019
Equity Multiple: 1.55x
IRR: 13.04%
99% leased apartment complex purchased in a growing submarket (headquarters of Walmart). Purchased at 12% discount to market value. Projected average 8% cash yield. Developed in 2007.
SOLD IN Q1 2019