Small Apartment Complex Acquisition

Project Overview:

•  Location: High-growth U.S. market

•  Property Type: 20-unit multifamily apartment complex

•  Acquisition Year: 2023

•  Investment Strategy: Value-add through renovations and operational improvements

•  Investor Type: Accredited and non-accredited investors (506(b) offering)

Market Context: The property is located in a market with strong economic fundamentals, including robust job growth, population increases, and high demand for small multifamily housing, making it a prime target for stable, high-return investments.

Our Approach

• Acquired a well-located but underperforming 20-unit apartment complex.

• Implemented renovations, including modernized units, energy-efficient upgrades, and enhanced amenities (e.g., shared outdoor space).

• Optimized operations by improving tenant screening and reducing expenses, increasing net operating income (NOI) by 18%.

• Leveraged strong rental demand to increase occupancy from 80% to 95% within 12 months.

Results:

• Annualized Return: 8.8% cash-on-cash return for limited partners.

• Projected IRR: 19% over a 5-year hold period.

• Investor Benefits: Monthly distributions from rental income, tax advantages through depreciation, and significant appreciation upon refinance.