year 5 returns in year 3.

[Nitzan Mosery]

Investment Info:

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

Purchase price: $2,400,000
Sale price: $3,800,000

48 unit asset in a tertiary market. great upside in bringing rents to market

we sold the asset after taking rents from 700 to 1000$ per door.
our investors recieved year 5 returns in year 3

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

strong market fundamentals, good asset

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

broker relations

How did you finance this deal?

institutional finanicng

How did you add value to the deal?

we cleaned up the exterior, painted interiors, added LVP flooring, bbq pits and picnic benches

What was the outcome?

rent and occupancy increased.
rents went from 700 to 1000$ per month
occupancy remained at 100% with very low delinquency, almost zero

Lessons learned? Challenges?

a good team on the ground and a strong market will help success

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

yes privately