Initially acquired one hundred & four (104) apartment units in the East Montgomery submarket of Montgomery, Alabama, from a long-term private ownership group and motivated seller in January, 2023
Nearly doubled in-place apartment rent average with a strategic cosmetic interior & exterior capital improvement plan within fifteen (15) months upon acquisition
Grew in-place net operating income upon purchase by ~45% within a 15-month investment holding period
Successfully disposed of the asset within fifteen (15) months; realized a gross investor levered internal rate of return (IRR) of ~15.00%
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