Income Producing Assets

Acquired in July 2021
20 apartments
Estimated completed value $9 million
Executed full value add rehab program

Acquired in May 2021
11 apartments
Estimated completed value $8 million
Executed full value add rehab program

Acquired in July 2019
40 built apartments, 2+2
Estimated value $6 Million
Acquired with average rental rates of $500 per unit, implemented value-add capital improvement strategy, and new management, to reach leasing levels of $700-$800

Acquired in October 2020
14 built apartments, with additional developed lot for a total of 45 units
Estimated completed value $10 million
Acquired with average rental rates of $750 per unit, implemented value-add capital improvement strategy, and new management, to reach leasing levels of $1,250

Acquired in March 2021
37 apartments- 24 2/2, 13 3/2
Estimated value $8 million

Acquired in January 2020
44 – 2/2 apartments, with additional developed lot for additional 20 units
Estimated value $5 million
Acquired with average rental rates of around $700-$900 per unit, implemented value-add capital improvement strategy, and new management, to reach leasing levels of about $900-$1,150

Acquired in Aug 2019
68 – 2/1 townhomes
Estimated value $8 million
Acquired with average rental rates around $600 per unit, implemented value-add capital improvement strategy, and new management, to reach leasing levels close to $900