Acquired an under-managed multifamily asset at a discount to replacement cost.
Implemented professional property management and improved operating efficiencies.
Executed a targeted renovation program to modernize units and increase rental income.
Converted non-revenue office space into residential inventory, growing the property from 50 to 52 rentable units.
Improved overall property performance and positioned the asset for a successful disposition.
Returns are net to Limited Partners over an approximately 20-month investment period.
The property was acquired in October 2024 and sold in June 2026 following the successful execution of the value-add business plan.
Limited Partners realized a 20% IRR and a 1.40× equity multiple over an approximately 20-month investment period.
Fund #1 Full Deal Review
INTERNAL RATE OF RETURN
40% Cash-on-Cash
20 Months
Acquisition Date: October 18, 2024
Disposition Date: June 30, 2026
Hold Period: ~20 Months
Units: 50 Residential Units + 1 Office
Vintage: 1973
Asset Class: Class B Value-Add Multifamily
Strategy: Value-Add
~20-Month Hold Period
Acquisition Price: $2.6 Million
Disposition Price: $4.2 Million
The property was acquired in October 2024 and sold in June 2026 following the successful execution of the value-add business plan.
Limited Partners realized a 20% IRR and 1.40x equity multiple over an approximately 20-month investment period.
