Value-Add
Greenway Apartments
- Units
- 175
- Acquired
- June 2024
Sourced off-market after over a year of direct negotiations. A ~$2.7M interior and exterior renovation program is underway, with average rents up 49.8% since acquisition.
Portfolio
Current and past
investments.
Since 2021, our principals have completed five multifamily acquisitions and realized two of them. We continue to evaluate opportunities in supply-constrained secondary markets.
Active Holdings
260 units
Light Reposition
Grandin Village Apartments
- Units
- 60
- Acquired
- July 2023
Sourced off-market from a 24-year owner-operator. A mix of light refreshes and full unit turns has lifted average rents 53.9% since acquisition.
Full Reposition
Westover Apartments
- Units
- 25
- Acquired
- December 2021
A boutique 25-unit asset surrounded by single-family homes. Complete interior and exterior reposition, with average rents up 59.3% since acquisition.
Realized Investments
22.5% Avg AARMar 2021 – Feb 2024
Eastern Avenue Portfolio
Units
14
AAR
24.8%
IRR
21.1%
A 14-unit duplex portfolio assembled as our first acquisition. Sold to a 1031 exchange buyer via national brokerage, with rents up 34.1% over the hold.
Apr 2021 – Dec 2022
Darby Apartments
Units
12
AAR
20.1%
IRR
18.7%
A 12-unit asset sold off-market at a premium to a nearby owner following unit turns, a full parking lot repave, and deferred maintenance work.