Sold
Forest Cove
Data by Year: 2022
- Q2$1,168
- Q3$1,427
- Q4 $1,427
* on $100,000 investment:
Financial Data
Close Date: 15-Mar-2019
Exit Date: 2/24
Purchase Price + Cap Ex: $63,500,000
Raise Amount: $5,550,000
Minimum Investment: $50,000
Projected Hold Period: 3 Years
Actual Hold Period: 2
Preferred Return: 8 %
Projected Avg Annual Return: 17.6 %
Actual Avg Annual Return: 21.82
Projected IRR: 16.2 %
Actual IRR: 10.71
Loan Amount: $53,630,000
Loan Rate: LIBOR + 280 BPS %
Property Facts
Property Type: Multifamily
Year Built: 1985
Building Size: 533,832 Sqft
Lot Size: 76 Acres
Number of Buildings: 91
Number of Tenants: 646