Toro 5th property in Jacksonville, FL acquired

[Chris Grenzig]

Investment Info:

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

Purchase price: $25,600,000
Cash invested: $1,900,000

Plan is to rebrand, landscape, exterior paint, and somewhat overhaul the exterior, renovate interior units and sell within 3-5 years after implementing our capital plan.

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

Broker relationship, listed deal

How did you finance this deal?

Bridge lender

How did you add value to the deal?

Exterior/amenity enhancement, 150+ unit interior upgrades planned