Summertown Apartment complex

[Shannon Robnett]

Investment Info:

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

Purchase price: $3,500,000
Cash invested: $37,500,000

Breaking ground on another 191 unit project that has a mix of 3 story garden style walk up and townhome units on a beautifully landscaped amenity laden grounds across the street from a 55 acre city park! This is a home run in a great market.

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

Another ground up opportunity that will bring brand new product to our booming marketplace.

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

Off market land acquisition coupled with an annexation and rezone brought this beautiful project to life.

How did you finance this deal?

Non Recourse bank loan and equity

How did you add value to the deal?

Developing the whole project and bringing value to every phase is a bit of our secret.