Case Studies

Conventional Market Rent, 120 Units: Augusta, GA

 

  • Occupancy at Acquisition

    In 2009
  • Occupancy at Sale

    In 2014

  • 3100000

    Purchase Price

    In 2009 – 2010
  • 5200000

    Sale Price

    In 2014 – 2015

  • Pref Return
    9%
    Internal ROI
    31.4%

Was self-managed and below market rent, no upgrades

Took over property management, repositioned tenants and preformed light upgrades on the units and was able to raise rent $95 in less than two years.

After 4.5 Years
31.4%

HAP, 87 Units: Lexington, NC

 

  • Occupancy at Acquisition

    In Jan. 2011
  • Occupancy at Sale

    In Dec. 2014

  • 1340000

    Purchase Price

    In Jan. 2011
  • 3170000

    Sale Price

    In Dec. 2014

  • Pref Return
    10%
    Internal ROI
    38%

High turnover and above average economic loss

Take over property management, repositioned tenant profile and leases, renovate interiors and manage to target pro-forma.

After 4 Years
38%