Project
Another victim of the 2008 financial crisis, a foreclosing Lake’s Edge Apartments presented a second opportunity to purchase a well-located multi-family asset at a substantial discount.
Similar to Pluris I, the 362 unit property was purchased with the intent to improve NOI and to maximize investor returns through operational efficiencies and strategic capital upgrades.
Under our leadership, the project has operated above 97% occupancy, and a 2017 refinance paved the way for investors to receive 100% of their original invested capital back with continuing distributions.
