Off-market acquisition at a compelling basis with clear rent upside, backed by a hands-on sponsor with a proven track record of execution and value creation in the same submarket.
Success at The Grove provides data-driven underwriting, local insight, and proven rent growth in the Dyersburg market.
Established local relationships and shared operations between The Grove St John and Whispering Winds to drive efficiency and cost savings
In the process of renovating the exteriors and interiors for both properties.
Property Description: Future Gen REI is acquiring Whispering Winds Apartments, a 63-unit multifamily community located in Dyersburg, Tennessee, minutes from The Grove Apartments, which the firm successfully repositioned in 2024–2025. The property represents a rare opportunity to acquire another off-market, well-located asset in a supply-constrained market with strong cash flow and substantial rent growth potential through targeted renovations and operational improvements.
Asset Type: Value-Add Multifamily
Vintage: 1981
Unites: 63 Units Unit Mix: • 53 2BR/1BA • 10 2BR/1.5BA
Purchase Price: $2,700,000 (~$43,000/unit)
Projected Hold Period: 5 years
Minimum Investment: $100,000
Status: Under Contract and Raising Capital for Mid December closing
