Inland Empire Moreno Valley – Value-Add Retail
June 21, 2017
Chicago Woodlawn –Value-Add Multifamily
June 11, 2017

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