Elm Villa Apartments

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Actual Investment IRR

163%

Actual Investor IRR

111%

Actual Hold Period
1.7 Yrs



Located in downtown Greenville, NC (one of the fastest growing small-towns the US), this 33-unit complex generated substantial returns for our investors in a very short timeframe.  In just 2 years, we renovated 90% of the units and pushed rents by more than 40%. That, combined with improved management processes, helped to provide a high-quality rental option in the downtown Greenville market.


After a sale in Q4 2023, the total investment paid out close to 3x (roughly 200% total return) to our investors and an actual net IRR to investors in excess of 100%.



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