Date Acquired: 2014-2015 |
At a glance
Status: Active |
Disposition #1 Date: 2016 |
Summary
Acquired both 2 BD / 2 BA penthouse units of Lakeview, Chicago condo building via foreclosure auction. Custom-designed full private rooftop deck replacement and refinished hardwood floors. Sold one unit at a profit and renting out the other long-term.
Acquired both 2 BD / 2 BA penthouse units of Lakeview, Chicago condo building via foreclosure auction. Custom-designed full private rooftop deck replacement and refinished hardwood floors. Sold one unit at a profit and renting out the other long-term.
WHY ESRE
1Midwest Undervalued Markets
Targeting growing Midwest markets with favorable demographic trends and less competition but more favorable purchase multiples than other US Markets |
2Data Driven Strategy
Proprietary data science algorithm to forecast market rents and inform our target market and underwriting processes |
3Management & Operational Experience
Leverage proven experience managing and rehabbing multifamily properties to mitigate risks and scale operations |