Case Studies

Essence & Allure

  • Address: 4200 & 4300 Horizon N Pkwy, Dallas, TX 75287
  • Units: 712 Units
  • Acquisition Date: 9/27/2018
  • Purchase Price: $103,000,000
  • Sale Date: 2/23/2022
  • Sale Price: $172,000,000
  • Project Level IRR: ~31%
  • Project Level Equity Multiple: ~2.5x

Arbors at North Hills

  • Address: 5825 Pointer Drive, Raleigh, NC 27609
  • Units: 199
  • Acquisition Date: 2/25/2021
  • Purchase Price: $27,000,000
  • Sale Date: 5/31/2022
  • Sale Price: $41,790,000
  • Project Level IRR: ~115%
  • Project Level Equity Multiple: ~2.7x

Axis and Mosaic

  • Address: 307 Glengarry Drive, Nashville, TN 37217
  • 1019 Patricia Drive, Nashville, TN 37217
  • Units: 363
  • Acquisition Date: 11/16/2018
  • Purchase Price: $28,975,000
  • Sale Date: 8/12/2020
  • Sale Price: $41,172,000
  • Project Level IRR: ~53%
  • Project Level Equity Multiple: ~2x

Hunters Cove

  • Address: 3056 Commodore Drive, Grand Praire, TX 75052
  • Units: 240
  • Acquisition Date: 11/17/2014
  • Purchase Price: $10,319,869
  • Sale Date: 2/28/2019
  • Sale Price: $22,250,000
  • Project Level IRR: ~63%
  • Project Level Equity Multiple: ~9x

Cypress Club

  • Address: 2004 Sherry Street, Arlington TX 760110
  • Units: 272
  • Acquisition Date: 1/17/2014
  • Purchase Price: $10,119,290
  • Sale Date: 6/3/2019
  • Sale Price: $23,300,000
  • Project Level IRR: ~57%
  • Project Level Equity Multiple: ~9.3x