Location: High-growth secondary market in the Southeast U.S.
Strategy: Renovate interiors, increase rent, improve management
Project Summary:
60-unit apartment complex. Rents are under market, and 50% of the units need light upgrades (flooring, paint, hardware). Improve management practices, reduce tenant turnover, and increase rents by an average of $125/unit.
Investment Highlights:
Amount: $100,000
Hold Period: 5 Years
Preferred Return: 8.5% (paid quarterly)
Average Annual Return: 18%
Equity Multiple: 2.1x
Location: Tertiary market with strong rental demand and limited new supply
Strategy: Convert a former LIHTC property into market-rate affordable housing with upgrades
Deal Summary:
72-unit affordable housing property. After the expiration of long-term affordability restrictions, upgrade 60% of the units (including new flooring, cabinets, and appliances) and improve landscaping and exterior appearance. Over 2 years, phase in $200/month rent increases while preserving affordability for qualified tenants through voucher programs. Cash flow began in Year 3.
Investment Highlights:
Amount: $100,000
Hold Period: 5 Years
Preferred Return: 6%
Average Annual Return: 20%
Equity Multiple: 2.1x
Location: Southeast U.S. primary/secondary markets
Strategy: Major renovations, rent repositioning, and property rebranding
Deal Summary:
40-unit apartment complex in distressed condition at acquisition. Complete full renovations in all units, including new kitchens, bathrooms, HVAC, flooring, and fixtures. Rent increase by an average of $300/unit, and rebrand with new signage and landscaping. Hold for 3 years and sell at a substantial gain after stabilization.
Investment Details:
Amount: $100,000
Hold Period: 3 Years
Preferred Return: None
Average Annual Return: 27%
Equity Multiple: 2.1x
Why This Matters for You
You don’t have to manage tenants, contractors, or property operations. As a passive investor, you benefit from:
Option for quarterly cash flow distributions
Equity growth through value creation
Preferred referred returns paid before the sponsor profits
Potential to double your capital over the life of the project