new construction 260 units

[William Dorrough]

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $5,000,000
Cash invested: $65,000,000

this was a new construction build that we bought approved than redesigned and built

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

we are a fully intergrated real estate developer builder and manager

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

off market

How did you finance this deal?

not the aquistion but the construction

How did you add value to the deal?

full build out

What was the outcome?

40% roi year 3