Concord Apartments

This Joint Venture deal was purchased with only One investor/partner in October of 2019 for $1.3m and then has saw a HUGE TRANSFORMATION. In 1 year, gross rents were raised by over 25%, and expenses were reduced by over 10% by investing time and capital into the property, raising the caliber of the unit turns, updating common areas, and adding additional security measures such as lighting, security gates, and fencing. It all begins with an idea of what something can look like and then it takes detailed execution to get the job done. This property was purchased in October of 2019 and sold in August of 2022 for $2.5m and a 250% total return on capital in 34 months.