A Case Study
Property Name:
Marina Point Appartments
Year built
1965
Location
Chesapeake, VA
# of Units
104
Purchase Price
$9,250,000
Role
Co-Sponsor
Business Plan
The business plan mainly focused on installing professional property management onsite and improving the culture and economic occupancy of the current tenant base.
The Results After 22 Months
Purchase Price:
$9,250,000.00
Sale Price
$14,150,000.00
Total ROI
86.98%
Projected ARR
17.00%
Actual ARR
47.45%
Projected IRR
14.80%
Actual IRR
44.79%