At a glance
Date Acquired: 2013 Status: Active
Date Acquired: 2013 Status: Active
Summary
Acquired 3 BD / 2 BA Ravenswood, Chicago condo unit via foreclosure sale listed on MLS. Installed new flooring, paint & fixtures. Secured long-term financing and leasing at <6 GRM.
Acquired 3 BD / 2 BA Ravenswood, Chicago condo unit via foreclosure sale listed on MLS. Installed new flooring, paint & fixtures. Secured long-term financing and leasing at <6 GRM.
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 |