| Number of Properties | Four (4) |
| Property Type | Multifamily |
| Year Built | 1987-1997 |
| Size | 904 Total Units |
| Occupancy* | 94.0% |
| Equity Raise | $54,230,000 |
| Loan-to-Value (LTV) | 54.34% |
| Minimum Investment | $50,000 |
| Holding period | 7-10 Years |
| Suitability | Accredited Investor |
The seller has completed approximately $2.2 million of capital projects at the four properties since 2015, including updated landscaping, repairing, replacing and painting exterior siding as well as asphalt repairs. Additionally, significant improvements were made to amenities at each property, including clubhouse renovations, new business centers and new outdoor grill areas, resurfacing of the pools, pool deck repairs, fitness center upgrades and new dog parks.
The Sponsor, Capital Square, has established a capital budget of approximately $8.1 million to fund additional improvements to the property exteriors, roofs, landscaping, asphalt, amenities and interiors to increase the portfolio’s income and value as well as to improve the physical condition and appearance of each property.
Capital Square is a national investment sponsor specializing in tax-advantaged real estate offerings, including Delaware statutory trusts and Qualified Opportunity Funds. Founded in 2012, the investor-centric company has quickly grown to have completed more than $1.85 billion in transaction volume, as of January 10, 2020.
* Occupancy as of December 20, 2019
