Asset Specifics:

• Multi-family properties located in the U.S. with focus on Sun Belt states, primarily in proximity to large metropolitan areas

• Operationally mismanaged

• Unit Count: 150 - 400 Units

• Constructed: Post 1985

• Transaction size: $10M - $40M

• Cap Rate: 5% - 7%

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Projected Leverage:

• 60 - 75% LTV; varied and dependent on each project's strategy

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Expected Holding Period:

• 3 - 7 years; dependent on each project's strategy

 

Distributions:

• 6% - 10% annualized; distributed monthly

 

Target Returns:

• 15% - 20% IRR

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