Built in 1981 and currently undergoing a full renovation, the property is comprised of 152 one-bedroom Garden-style apartments

Property was acquired for $12,455,000 ($81,941/unit). The sponsor projects an IRR return of 20.41% and a stabilized CapRate of 6.81% to its Limited Partners.

Located in the hyper-growth market of Spartanburg, SC, Tree Top Apartments is well-positioned along the I-85 corridor. The property benefits from the continued growth of the auto and technology industries in Greenville and Spartanburg, students from nearby Wofford College, Spartanburg Community College, and the University of South Carolina Upstate, and the continued growth of companies from a diverse set of industries in and nearby the city of Spartanburg.

Built in 1971 and currently undergoing a renovation of deferred maintenance items, and minor interior renovations, the property is comprised of a desirable mix of one bedroom, two bedroom, and three bedroom units. An additional 6 units will be created in spaces currently not being utilized.

Property was acquired for $2,800,000 ($46,667/unit). The sponsor projects a stabilized CapRate of 7.25% to its Limited Partners.

Located only 10 minutes from Downtown Kansas City, Winner Place is positioned well in the hyper-growth market of Independence, MO. The property is located near to the former home of President Harry Truman. Purchased at less than 25% of its replacement cost, Winner Place is poised to provide  Cash on  Cash returns of almost 14% by the seventh year of ownership.  The property benefits from the continued growth of the city of Kansas City,  and technology company investments by leading companies such as Intel, Google, and others. The property was acquired with an assumption of an existing Fannie Mae loan at a rate of 4.18% and due in 2032.

Built in 1974 and currently undergoing a full renovation, the property is comprised of a desirable mix of Studio, One-bedroom, Two-Bedroom, and Three-bedroom Garden-style apartments

Property was acquired for $7,200,000 ($58,065/unit). The sponsor projects a stabilized CapRate of 7.25% to its Limited Partners.

Located on the eastern side of Independence, MO, and only 22 minutes from Downtown Kansas City, Meadowbrook Apartments is positioned well in the hyper-growth MSA of Kansas City, and near to the upscale markets of Lee Summit and Liberty, MO. The property is located near to the Harry Truman presidential library. Purchased at less than 30% of its replacement cost, Meadowbrook Apartments is poised to provide  Cash on  Cash returns of over 10% by the seventh year of ownership.  The property benefits from the continued growth of the city of Kansas City,  and technology company investments by leading companies such as Intel, Google, and others. The property was acquired with an assumption of an existing Fannie Mae loan at a rate of 4.18% and due in 2032.

72 - Unit Historic Renovated Multifamily Property in Kansas City, MO.

Inside City Core

Built in 1910, Maple Flats has undergone a full renovation, the property is comprised of a desirable mix of Studio, and One-bedroom, apartments. Situated on a quiet tree-lined street directly adjacent to a Medical School, the property caters to a young professional and medical student tenant base. Sponsors plan on

Property is was acquired for $5,460,000 ($75,833/unit). The sponsor projects a cash-on-cash return to its Limited Partners of over 10% by the end of year three and 20% by year 7.

Located in the city core in Kansas City, MO, and only minutes from Downtown, Maple Flats Apartments is positioned well in the hyper-growth city of Kansas City, and adjacent to  Kansas City University College of Osteopathic Medicine and College of Dental Medicine. The property benefits from the continued growth of the city of Kansas City, and technology company investments by leading companies such as Intel, Google, and others. The property was acquired with an assumption of an existing Freddie Mac loan at a rate of 3.45%.

130 - Unit Multifamily Property in Merriam, KS. The property resides in the affluent suburb in Johnson County, KS.

Sponsors plan is to increase the unit count to 150-units by converting twenty of the 2-bedroom/2-bathroom units into forty new 1-bedroom/1-bathroom units. Sponsors are purchasing Conquistador, with assumable agency debt at 5.99% for approximately, an additional 4-years, with 1-year of interest-only. The asset features a best in market location (Merriam, KS), with immediate access to neighborhood retail and amenities, and easy access to highways and downtown Kansas City (15 minutes), and Overland Park (less than 10 minutes).

Property is under contract for $16,305,000 ($125,423/unit). The sponsor projects a Stabilized CapRate of 7.28% and an IRR of 20.00%.

Conquistador Apartments (to be rebranded as The Overland at Merriam, is located in Merriam, KS in Johnson County, a growing submarket in the Kansas City MSA with schools consistently ranked in the top-five in the state. The Kansas City Metro continues to demonstrate robust job growth. A large portion of demand for apartments comes from the Federal Government (41,500 employees), Healthcare (30,000+), and numerous other companies with large employee bases or with headquarters in Kansas City such as: Garmin, Hallmark Cards, Honeywell, and Burns & McDonnell (a large architecture and engineering firm). During 2024, Kansas City has seen the second highest rental rate growth for large cities in the United States, only behind New York City.