Case Study
MULTIFAMILY
UNITS
CASE STUDY
Constructed in 1994, the property is comprised of 200 units over c195,000 square feet of residential accommodation, along with on site facilities such as large resort style pool and spa, cabana, barbecues fire-pit areas, green courtyards, and multiple picnic areas with gazebos.
In good order with significant capital expenditure in 2017 and 2018, it currently has 89% occupation but which the management team expects to bring back up to at least 99% in keeping with other properties in the area. Currently run as a condominium with various individual owners.Purchasing the 75% of the ownership from a single vendor and then purchase the remaining units to make 100% ownership will create a single managed asset with consolidated cash flows .sell the consolidated and stabilised income stream for an improved uplift in value with an IRR over 15%.
Management team has successfully executed many previous similar transaction.
In good order with significant capital expenditure in 2017 and 2018, it currently has 89% occupation but which the management team expects to bring back up to at least 99% in keeping with other properties in the area. Currently run as a condominium with various individual owners.Purchasing the 75% of the ownership from a single vendor and then purchase the remaining units to make 100% ownership will create a single managed asset with consolidated cash flows .sell the consolidated and stabilised income stream for an improved uplift in value with an IRR over 15%.
Management team has successfully executed many previous similar transaction.