Fox Pointe Apartments, Columbus Indiana
Property Type
Multifamily
Property Size
120 Units
Overview
We purchased this property in a short sale during the Global Financial Crisis. Six years after the acquisition, we refinanced the mortgage, and the proceeds were sufficient to return 100% of initial equity plus a significant, tax-deferred multiple. We refinanced the property yet again in 2023. Through June 30, 2023, the property has generated a net average annual cash return of 24.45% and a net 3.4x equity multiple.* The property is still owned and it is still compounding and cash flowing.
Chimney Hill Apartments, Middletown Ohio
Property Type
Multifamily
Property Size
58 Units
Overview
We purchased this property in 2006. Ten years later, we refinanced the mortgage, and the proceeds were sufficient to return 100% of initial equity, plus a significant tax-deferred multiple. We refinanced the property again in 2023, and we returned yet another significant multiple of initial capital. Through June 30, 2023, the property has generated a net average annual cash return of 23.85% and a net equity multiple of 3.94x.* The property is still owned and it is still compounding and cash flowing.
Charleston Square Apartments, Columbus Indiana
Property Type
Multifamily
Property Size
88 Units
Overview
We purchased this property in 2012 in an off market transaction with no competition. Four years later, we refinanced the mortgage, and the proceeds were sufficient to return 100% of initial equity plus a significant tax deferred multiple. Through December 31, 2022, the property has generated a net average annual cash return of 6.58% and a net equity multiple of .53x.* The property is still owned and it is still compounding and cash flowing.
Kensington Ridge Apartments, Middletown Ohio
Property Type
Multifamily
Property Size
150 Units
Overview
We purchased this property in 2013 and financed it with a 10-year, fixed-rate mortgage amortizing over 30 years. In 2023, we refinanced the acquisition debt, and the proceeds were sufficient to return 100% of initial equity plus a 1.08x multiple. Through December 31, 2023, the property has generated a net average annual cash return of 12.29%* The property is still owned and it is still compounding and cash flowing.
* Unaudited. Past performance is no guarantee