
Description
Redevelopment of Timber Ridge Apartments will reposition this asset, by renovating all units at once, while improving the tenant base to prepare for sale by end of year three. Leveraging the sponsors extensive track record, existing relationships and direct construction management. This project is designed to cater to investors who are looking for downside protection, while maximizing overall investment return.
Project Details:
Project Sources: $5,890,682
Project Timeline: 3 Years
Projected Returns: 8% Preferred Return, plus a split of profits above the preferred.
Projected Equity Multiple: 1.7x
Location: Denver, CO
Strategy: Value-Add Equity Growth
Status: Owned