Asset Size: 58 units Location: Chapel Hill, NC Product Type: Multifamily Strategy: Income & Growth
Opportunity & Strategy
Special Situation – Fractured sale process led to ability to acquire asset significantly below guidance pricing
Motivated Seller – Broken seller partnership dynamic (capital partner winding down operations) created operational inefficiencies resulting in slower-than-anticipated lease up to stabilization
Differentiated Asset – Best-in-class asset located in extremely high barrier / anti-growth market
Fortress Location – Centrally located with easy access to regional arterials, public transportation and walkable retail amenities
Favorable Competitive Dynamic – Complexity of owners association narrowed buyer pool significantly