Stonleigh
West Apartments

Location:
Door (Units):
Class:
Strategy
Investment:

– Leavenworth, KS
– 156
– C
– Value Add
– $11,450,000.00

Generate operational efficiencies not being realized. Value add rehab of 80%+ of units. Drive rents to market with improvements and additional community amenities. Expect approx. 50% of capital returned by end of Year 3. 100% Return in 5 years.

Legacy at
the Lake

Location:
Door (Units):
Class:
Strategy
Investment:

– Montgomery, AL
– 200
– C
– Value Add
– $9,250,000.00

Value add rehab of 75%+ of units. Drive rents to market with improvements and additional community amenities. Expect approx 40% of capital returned by end of Year 2. 100% Return in 6 years.

Villas at
the Curve

Location:
Door (Units):
Class:
Strategy
Investment:

– Montgomery, AL
– 393
– C
– Value Add
– $16,750,000.00

Combine 2 contiguous properties into one. Value add rehab of 60%+ of units. Drive rents to market with improvements and additional community amenities. Expect approx 50% of capital returned by end of Year 2. 100% Return in 5 years.

Northlake Apartments &
Tanglewood Apartments

Location:
Door (Units):
Class:
Strategy
Investment:

– Warner Robins GA
– 275
– C
– Value Add
– $16,770,000.00

Implement proven on-site property management. Value add rehab of 80%+ of units. Drive rents to market with $150 or more rental increases post renovation. Improve community amenities. Bring 6 non-revenue units back to performance. Expect approx. 50% of capital returned by end of Year 3. 110% Return in 5 years.