Acquisition Date: September 29, 2022
Location: Syracuse, New York
Portfolio Type: Multi-Family
Portfolio Size: Eight Properties – 672k sq. ft.
Purchase Price: $60,000,000
Total Capitalization: $66,644,100
Projected IRR (gross): 18.0%
Projected EM (gross): 2.12X
Acquisition Date: January 5, 2023
Location: Hudson County, New Jersey
Portfolio Type: Multi-Family
Portfolio Size: Four Properties – 215k sq. ft.
Purchase Price: $59,132,500
Total Capitalization: $62,595,000
Projected IRR (gross): 21.5%
Projected EM (gross): 2.06X
Acquisition Date: February 25, 2021
Sale Date: August 15, 2022
Location: Trumbull, CT
Property Type: Multi-Family
Property Size: 340 Units
Purchase Price: $82MM
Sale Price: $101.1MM
Hold Period: 1.5 Years
Actual IRR (gross): 41%
Actual EM (gross): 1.62X
Acquisition Date: October 22, 2021
Sale Date: August 18, 2023
Location: North Bergen, New Jersey
Property Type: Multi-Family
Property Size: 214 Units
Purchase Price: $74,750,000
Sale Price: $89,000,000
Hold Period: 1.8 Years
Actual IRR (gross): 21.5%
Actual EM (gross): 2.17X