Acquisitions
Westbrook Apartments
Macon, GA - 96 units
Purchase: 4.5 million
Hold period: 15 months
Contracted Sell price: 7.3 million
Investor annualized returns: 35%
Magnolia Gardens
Thomaston GA - 48 units
Purchase: 1.6 million
Equity raise: 350k
Value add: +250/month
Equity Created: 750k
Village Square
Barnesville, GA 128 unit (Student Housing)
Purchase: 2.65 million
Equity raise: 650k
5 year Hold period: 4.425 million
Equity created: 1.6 million
Proj. Investor annualized returns: 21%
The Cove Apartments:
Columbus, GA - 45 units
Purchase: 2.41 million
REFI period: 18 months
Appraisal: 3.8 million
Equity created: 1.39 million