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The Griffin at Petworth Metro

The Griffin at Petworth Metro

Washington, D.C.

49-unit A Class Property

Highlights

  • Construction – Luxury class-A condo level construction meeting Washington, DC green building standards.

  • 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)

Bella Grand Apartments

Bella Grand Apartments

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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