Acquisition of a 240 unit apartment community. Polaris acquired the property in March 2019 and will upgrade units and resident amenities to increase income. Financed via a fixed rate loan with a construction draw.
Acquisition of a 300 unit multifamily community. Polaris acquired the property in September 2018 and will upgrade units to capture rental upside while adding select tenant amenities. Financed with a construction bridge loan.
Acquisition of a 216 unit multifamily community. Polaris acquired the property in April 2018 and have implemented a property-wide upgrade program, including all units and new tenant amenities. Financed with a construction bridge loan.
Acquisition of a stabilized 192 unit multifamily community. The principals acquired the property in November 2017 and have implemented a unit-level upgrade program to capture higher rents. Financed with a fixed rate HUD loan.
Acquisition of a 256 unit multifamily community. The principals acquired the property in April 2017, and are upgrading units to capture market rent levels. Existing FNMA financing assumed.
