Location: Dallas, TX
Asset Type: Class B multifamily – 350 units
Ownership period: 2014-2018
Return on Equity: 317.5%
Annualized return on Equity: 69.2%
Increase in value: 218.5%
Increase in NOI: 38.6%
As of the date of Park Village’s sale, the partners had sold six of the first eight properties purchased in this portfolio. The combination of strengthening south Dallas location and our increase of Park Village’s NOI by nearly 40% in 4.5 years resulted in a return substantially in excess of our projections. The result was a net return to our investors of 317.5% on equity invested – the equivalent of 69.2% a year and an IRR of 39.1%.