LOCATION St. Louis, MO
ASSET TYPE Class C multifamily – 156 units
Ownership period: 2018-2022
Return on Equity: 111.9%
Annualized return on Equity: 27.8%
Increase in value: 116.8%
Increase in Collected Income: 53.4%
Named Windsor Townhomes at the time of purchase, the property had extensive deferred maintenance issues and a lackluster operational history. Through a rebranding and the extensive upgrade of the property’s physical plant coupled with the streamlining of expenses, we were able to increase collected income by over 50% over our term of ownership. Because of such efforts, significant value was added to the property to ultimately provide investors with a net return of 111.9%, or 27.8% annualized; 30.4% greater than our projected return.
