Initially acquired an off-market three property 112 unit apartment community portfolio in Ocala, Florida from a long-term private ownership group and motivated seller in August, 2021.
Successfully raised apartment rent average from ~$691 to ~$1,094 with a strategic cosmetic interior & exterior capital improvement plan within 21 months upon acquisition
Doubled in-place net operating income within a 21-month investment holding period
Successfully disposed of the portfolio within a total of 21 months; realized a gross investor levered internal rate of return (IRR) of ~22%.
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