Fox Pointe

Fox Pointe

120-unit apartment community

  • PRPI purchased this property in a short sale with limited competition
  • We invested over $1 million in upgrades and capital improvements within the first 12 months of ownership
  • Refinancing proceeds returned 100% of initial capital and a substantial tax free profit.
  • Fox Pointe is still 100% owned and cash flowing (23.05% cash on cash return to date with all equity capital returned).*

    * Unaudited.  Past performance  is no guarantee

6th and race

Sixth & Race

Mixed Use: 30 apartment homes & 17,900 sq. ft. of retail space

  • Trophy CBD asset located in the heart of downtown Cincinnati, surrounded by multiple transformational redevelopment projects
  • The acquisition was completed with   pandemic-level    apartment occupancy  at 60%.    Within 60 days of closing, we increased apartment occupancy to    100%  with increased rents on all new leases
  • Unique value-add strategy is supported by strong cash flows from  from investment-grade double net lease with  Walgreens
  • Sixth & Race is still 100% owned & cash flowing
Chimney Hill

Chimney Hill

58-unit apartment community

  • The property was acquired 25% below the asking price and well below replacement cost
  • Since the acquisition, NOI increased by more than 170%*
  • Refinancing proceeds returned 100% of initial capital and a substantial tax-free profit*​
  • Chimney Hill is still  100% owned and cash flowing (27.09% cash on cash return to date with all equity capital returned).*

    * Unaudited.  Past performance  is no guarantee