Portfolio
TOTAL INVESTED
$87M
CURRENT UNITS
900+
DEALS COMPLETED AS PRINCIPALS
149
the pointe
Property Details:
Located in Cincinnati, OH
4 buildings • 66 units
Highlights:
• Strong location demographics
• Gross income 15% below market at acquisition
• Inefficient utility consumption at acquisition
• Reclaimed underutilized additional unit
mesa vista
Property Details:
Located in Fountain, CO
6 buildings • 49 units
Highlights:
• Gross income 20% below market at acquisition
• Property not renovated since its 1986 construction
• Substantial mismanaged expense correction
• Removed unnecessary, water-intensive grass areas
• Re-purposed unused laundry room into an additional unit
radius
Property Details:
Located in Phoenix, AZ
8 buildings • 130 units
Highlights:
• Terrific location within a market with excellent fundamentals
• Unit interior renovation pacing at 77% of per unit budget.
• Reclaimed a unit previously used as an office
• Multiple operating expense inefficiencies corrected
arcadia lofts
Property Details:
Located in Phoenix, AZ
4 buildings • 63 units
Highlights:
• Location close to several of Arizona’s largest employers
• Property has a Land Use Restrictive Agreement (LURA)
• Exterior renovations have already been completed
• Property has desirable, large units
stone gate
Property Details:
Located in Charlotte, NC
6 buildings • 144 units
Highlights:
• 100% of the units in original condition
• Very strong historic and projected submarket rent growth
• Located in one of the most compelling apartment markets
• Competitive debt structure
pinnacle on pleasant
Property Details:
Location: Fairfield, OH
10 buildings • 229 units
Highlights:
• Outstanding market traction on rent increases
• Proven submarket demand for value-add program
• Major cap-ex previously invested in mechanical systems
allowing us to focus on revenue-producing enhancements
• Well-amenitized property with strong position among
competitors
the jameson
Property Details:
Location: Indianapolis, In
23 buildings • 258 units
Highlights:
• Strong location with immediate proximity to a healthcare cluster
• Proven submarket demand for value-add program
• Major cap-ex previously invested allowing us to focus on revenue-producing enhancements
• Top-tier interior finishes within the peer set
Exited Investments
RAF 1
Gross IRR: 28.2%
Net IRR: 24.5%
Gross MoIC: 3.27
Net MoIC: 2.84
RAF 3
Gross IRR: 68.0%
Net IRR: 51.0%
Gross MoIC: 2.03
Net MoIC: 1.82