INVESTMENTS

Cedar Creek: 4716 Trenton Dr, Hermitage, TN
Wright Ave:19-21 Wright Ave, Medford, MA
New Brigham: 2402 Wall Ave, Ogden, UT
The Quarry: 232 N H St, Salt Lake City, UT
126 Walton Ferry Rd, Hendersonville, TN 37075, USA
Falls at Mill Creek: 205 Millwood Drive, Nashville, TN, USA
Pinewood Apartments and Development

Falls at Mill Creek:

  • Date Acquired: February 2023
  • Address: 205 Millwood Drive, Nashville, TN

  • Status: Currently renovating, executing business plan
  • Strategy: Multifamily Value-Add
  • Unit Count: 204 units
  • Projected IRR (Deal Level): 18% 5-yr IRR
  • Projected Equity Multiple (Deal Level): 1.8x

Hendersonville Portfolio:

  • Date Acquired: April 2022
  • Address: 126 & 324 Walton Ferry Rd, Hendersonville, TN

  • Status: Currently renovating, executing business plan
  • Strategy: Multifamily Value-Add
  • Unit Count: 52 units across two properties
  • Projected IRR (Deal Level): 14% 5 Year IRR
  • Projected Equity Multiple (Deal Level): 2.0x

New Brigham Apartments:

  • Date Acquired: December 2021
  • Address: 2402 Wall Ave, Ogden, UT
  • Status: Current Holding, early stages of renovation
  • Strategy: Multifamily Value-Add, retail value-add
  • Unit Count: 18 multifamily units, 3 retail units
  • Projected IRR (Deal Level): 17% 5-yr IRR
  •  Projected Equity Multiple (Deal Level): 2.1x

Cedar Creek:

  • Date Acquired: January 2021
  • Address: 4716 Trenton Dr, Hermitage, TN
  • Status: Exited March 2022
  • Strategy: Multifamily Value-Add
  • Unit Count: 34 units
  • Realized IRR (Deal Level): 147% 15-month IRR
  • Realized Equity Multiple (Deal Level): 2.9x

The Quarry:

  • Date Acquired: November 2019
  • Date Exited: June 2021
  • Status: Successfully exited following renovation of all units
  • Strategy: Multifamily Value-Add
  • Unit Count: 9 units
  • Realized IRR (Deal Level): 61% 2-yr IRR
  • Realized Equity Multiple (Deal Level): 2.6x

19-21 Wright Ave:

  • Date Acquired: May 2017
  • Date Exited: April 2019
  • Address: 19-21 Wright Ave, Medford, MA
  • Status: Successfully exited following conversion and renovation of all units
  • Strategy: Condo Conversion, value-add
  • Unit Count: 3 units
  • Realized IRR (Deal Level): 67% 2-yr IRR
  • Realized Equity Multiple (Deal Level): 2.8x

Pinewood Apartments and Development

  • Date Acquired : Nov 2023
  • Address : 1059 Woods Ferry Rd, Gallatin, TN
  • Status: Current Holding, early stages of renovation
  • Strategy: Multifamily Value-Add and Development
  • Unit Count: 16 existing, 16 new construction
  • Projected IRR: 17% 5-yr IRR
  • Projected Equity Multiple: 2.0x