Another ground up development success for us.

[Shannon Robnett]

Investment Info:

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

Purchase price: $1,800,000
Cash invested: $27,500,000
Sale price: $39,000,000

Ground up 180 unit apartment complex in one of the fastest growing markets in the nation.

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

We are developers and builders and this is just the kind of great product we love to do.

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

We are always on the hunt for development land and know how to get pieces like this entitled and built.

How did you finance this deal?

Bank financing and pref equity

How did you add value to the deal?

We turned a vacant lot into a beautiful 180 unit leased complex