Charleston Square

88-unit apartment community

  • Charleston Square was purchased in an off market transaction with asking rents that were almost 25% below the local market
  • Rents were increased to market levels with almost no capital investments required
  • 100% of initial equity capital was returned to investors via refinancing proceeds
  • The refinancing proceeds also generated a significant tax-free profit for investors
  • Charleston Square is still 100% owned and cash flowing
  • Preferred Return: 8%
  • Annualized return: 27.95% net*

      * Unaudited.  Past performance  is no guarantee

Kensington Ridge

Kensington Ridge

150-unit apartment community

  • We purchased Kensington Ridge at a substantial discount to replacement cost
  • We dramatically improved the property’s competitive position by curing deferred maintenance, methodically upgrading unit interiors, and improving management
  • Since closing, we have more than doubled NOI. As a result, the value of the property has increased appreciably
  • We intend to refinance the property’s mortgage in late 2023
  • We expect that the proceeds will be sufficient to return 100% of initial equity capital to investors in addition to a substantial tax free profit
  • Preferred Return: 8%