UPTOWN PLACE LEASE UP & BROKERAGE

OVERVIEW

Our team was hired to manage this brand new development, stabilize financials and manage the sale and brokerage.

Management

  • Post Construction/Move in Readiness
  • Initial Lease Up & Setup
  • Financial Setup/Accounting/Seasoning
  • Stabilization & Operational Audits

Sale

  • Listing and Marketing for Sale
  • Buyer Procurement
  • Transaction Management and Closing
  • Appraisal & Financial Projections
  • Buyer Setup & Cash flow Management

Price: $5 Million

Built: March 2015

Sold: February 2017

Units:  26 Units | 1 & 2 Bedrooms 

ROI & OUTCOME

Our Role

We stabilized this property, seasoned the financials and brokered and closed this asset for a new buyer. Since the sale, we have increased cashflow significantly and exceeded proforma and advertised returns.