Fox Pointe

120-unit apartment community

Fox Pointe
  • 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

investment-summary.pdf

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Piping Rock has purchased Sixth & Race, a trophy property located in the heart of downtown Cincinnati, for $8.145 million.

After we agreed to purchase the property, multiple major redevelopment projects were announced in the immediate vicinity of the property.    Officials estimate that approximately $500 -$600 million will be invested in just two of these projects alone, both of which are immediately adjacent to Sixth & Race.

PRIME LOCATION

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7.35% NET CAP RATE

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8% CASH ON CASH*

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PRIME LOCATION

Sixth & Race is located in the heart of downtown Cincinnati in a protected infill location.

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*Investment returns are indicative