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The Vue at
st. andrews
Columbia MSA*, South Carolina.
132-unit C Class PropertyHighlights
- Location – Located less than 15 minutes from Downtown Columbia, Churchill at St. Andrew gives residents the luxury of city living with the comfort and quietness of the suburbs. Located in the Lexington Five School District and ranked #1 in the state.
- Value – Well maintained with lots of room for value add. Though Churchill was built in the 1970s, there is great room for growth, renovation and more. Currently, a small number of units have been renovated, yet they are already leased for target rent rates, proving an exciting opportunity for value-add.
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The Griffin at Petworth Metro
MetroWashington, D.C.
49-unit A Class Property
Highlights
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- Construction – Luxury class-A condo level construction meeting Washington, DC green building standards.
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- Debt – HUD loan assumption – 3.20% interest rate, 35 year fully amortizing term.
- Value – $7.8 million intrinsic equity immediately upon acquisition based on each unit’s higher value as a condo compared to present rental apartment. ($550k per unit vs. acquisition price per unit $390k)
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Veritas at East Cobb
Marietta, GA
LP 192-unit B Class Property
Highlights
- Opportunity to capture additional income with under-market rents.
- Pool, BBQ grills with picnic tables, storage closets, state of the art package center, business center and clubhouse.
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