At a glance
Date Acquired: 2018 Status: Active
Date Acquired: 2018 Status: Active
Summary
Acquired Uptown, Chicago condo unit via in-person foreclosure auction. Rehabbed via converting extra living space to a 2nd bedroom, new kitchen, flooring, & fixtures. Leasing at <6 all-in GRM.
Acquired Uptown, Chicago condo unit via in-person foreclosure auction. Rehabbed via converting extra living space to a 2nd bedroom, new kitchen, flooring, & fixtures. Leasing at <6 all-in 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 |