We’re thrilled to announce the successful closing of a 102-unit multifamily acquisition—two 51-unit apartment properties located in Pullman, Washington. This project exemplifies our commitment to strategic investing, delivering a targeted 20% internal rate of return (IRR) for our investors.
A Strategy Rooted in Trust and Collaboration
Our approach to multifamily investing is built on three pillars: sourcing high-potential opportunities, fostering strong investor partnerships, and executing with precision. This acquisition demonstrates how these principles work together to deliver value.
1. Strategic Sourcing
Our established broker relationships give us access to opportunities before they hit the market. By acting decisively, we secured this property at a highly competitive $78,000 per unit, including the purchase price, capital improvements, and overhead costs.
2. Capital Partnerships
Our investor network is the backbone of projects like this. With their trust and enthusiasm, this acquisition was fully subscribed within weeks. The collaboration and confidence of our investors enable us to move quickly and effectively.
3. Focused Execution
Now begins the value-add phase, where we’ll focus on:
- Upgrading units to attract quality tenants and increase rental income.
- Implementing best-in-class management practices to enhance operational efficiency.
By project completion, these properties are projected to exceed $100,000 per unit in value, resulting in a 1.8x gross equity multiplier for our partners.
Why This Project Stands Out
This acquisition is a testament to the strength of our strategy and the trust of our investor community. By combining foresight, partnerships, and execution, we’ve created a win-win opportunity for all involved.
Looking Ahead
If you missed this deal, there’s good news: we’re already sourcing the next opportunity. Our goal is to continue creating value through strategic multifamily apartment investing, and we’d love for you to be part of the journey.
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Let’s discuss your financial goals and explore how multifamily investing fits into your plans. Schedule a call here.
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