Chicago SFR Portfolio

Deal Highlights

• Acquired multiple SFR properties throughout Chicago and surrounding suburbs via REO bulk sale from local community bank
  
• Most buildings in moderate to good condition; required minimal rehab
  
• Leased all units to Section 8 voucher holders
  
• Actively managing properties to minimize maintenance costs and increase cash flow
  
• After stabilization, placed take-out debt financing on all units at 75% to 100% LTC; DSRs above 2x
  
• Property values have increased over 40% since initial acquisition
  
• Portfolio operating at near 100% occupancy; average tenants stay 5+ years in SFRs