The Woodford
Projected IRR
47.5%
Projected Hold
3 Year
Year Acquired
2025
Located in Birmingham, AL - a city we have a heavy presence - this 1980s asset was acquired directly from receivership at an amazing basis of $52k/unit. While the purchase price was amazing, this asset came with >100 units needing heavy CAPEX - which our team is able to knock out within 90 days. The business plan involves spending $22k/unit in making this asset one of the best in the area and exiting around $111k/unit within 3 years