Woodmere Reserve

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Projected IRR

30%

Project Hold

3 Years

Year Acquired

2025

Emerald City Associates acquired this distressed asset in May of 2025 ($57k/unit) by working directly with the seller and previous lender to ensure a smooth loan-assumption that avoided foreclosure, which benefited each property.  This surprisingly stable asset ran into CAPEX challenges in the few years' pre-takeover, so the business plan is to simply put a solid CAPEX plan to reduce expenses and increase value.  Montgomery, AL is the capital of Alabama and provides long-term growth potential.

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