Chattanooga, TN MSA- 240 units

[Sharon D Deans]

Investment Info:

Large multi-family (5+ units) commercial investment investment in Dalton.

Purchase price: $24,500,000
Cash invested: $100,000

Portfolio of 3 assets, 240 units, a submarket of Chattanooga, TN MSA
Dalton Beach Club 155 units
The Valley 32 units
Parkview 53 units

What made you interested in investing in this type of deal?

Location, # of units, forced appreciation potential

How did you find this deal and how did you negotiate it?

Networking