- 237-unit Multi-family value add investment in Columbia, SC
- $9.5mm total investment on approximately 82% leased project at closing
- 20.4% IRR on three (3) year hold
- Recapitalized an existing ownership structure to take out an elderly HNW investor in an off-market transaction. Invested as a co-GP and LP.
- Invested $5,000 per door to repair/replace interior and exterior of units
- Re-branded the property and added amenities across the property
- Push rental rates by $50-100 per month on lease rollover
- Sold to another value add investor who plans to further improve the property