PORTFOLIO
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SILVER OAKS
36 UNITS
Phoenix, AZ
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Acquisition Date : February 2019
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Purchase Price : $3.4M
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Down Payment and Renovation Costs : $1.4M
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Loan : 10-Yr Fixed Interest Rate, Non-Recourse Agency Loan
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Deal Structure : Tenant-In-Common (TIC)
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Unit Mix : 26 2BR/1BA | 10 3BR/1BA
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Projected Hold : 1-2 Years
ACTUAL RETURNS
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Equity Multiple : 1.91x
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Internal Rate of Return : 44.6%
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Return on CapEx : 29.1%
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Hold Period : 21 Months

POINTE VISTA
160 UNITS
Phoenix, AZ
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Acquisition Date : January 2021
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Purchase Price : $24.3M
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Down Payment and Renovation Costs : $8.76M
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Loan : 10-Yr Floating Interest Rate, Non-Recourse Agency Loan
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Deal Structure : 506(B) Syndication
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Unit Mix : 71 1BR/1BA | 36 1BR/1BA | 33 2BR/2BA | 20 3BR/BA
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Projected Hold : 2-5 Years

PASEO 51
116 UNITS
Glendale, AZ
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Acquisition Date : September 2020
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Purchase Price : $15.5M
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Down Payment and Renovation Costs : $4.89M
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Loan : 10-Yr Floating Interest Rate, Non-Recourse Agency Loan
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Deal Structure : 506(B) Syndication
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Unit Mix : 80 1BR/1BA | 36 2BR/2BA
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Projected Hold : 2-5 Years

DISTRICT FLATS
112 UNITS
Mesa, AZ
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Acquisition Date : March 2020
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Purchase Price : $13M
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Down Payment and Renovation Costs : $5.15M
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Loan : 10-Yr Floating Interest Rate, Non-Recourse Agency Loan
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Deal Structure : 506(B) Syndication
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Unit Mix : 33 Studio | 78 1BR/1BA | 1 2BR/1BA
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Projected Hold : 3-7 Years

VILLA SERENA
137 UNITS
Phoenix, AZ
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Acquisition Date : August 2019
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Purchase Price : $17.6M
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Down Payment and Renovation Costs : $5.8M
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Loan : 10-Yr Fixed Interest Rate, Non-Recourse Agency Loan
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Deal Structure : 506(C) Syndication
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Unit Mix : 74 2BR/2BA | 63 1BR/1BA
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Projected Hold : 3-7 Years

THE RISE ON MCDOWELL
76 UNITS
Phoenix, AZ
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Acquisition Date : August 2019
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Purchase Price : $6.9M
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Down Payment and Renovation Costs : $3.7M
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Loan : 10-Yr Fixed Interest Rate, Non-Recourse Agency Loan
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Deal Structure : 506(B) Syndication
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Unit Mix : 60 1BR/1BA | 8 2BR/1BA | 8 2BR/2BA
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Projected Hold : 1-2 Years

SCOTTSDALE 5TH
59 UNITS
Scottsdale, AZ
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Acquisition Date : August 2019
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Purchase Price : $6.6M
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Down Payment and Renovation Costs : $2.6M
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Loan : 10-Yr Fixed Interest Rate, Non-Recourse Agency Loan
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Deal Structure : Tenant-In-Common (TIC)
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Unit Mix : 27 Studio | 31 1BR/1BA | 1 2BR/2BA
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Projected Hold : 10+ Years