Case studies
Cielo at Athens
MULTIFAMILY
Cielo at Athens underwent a comprehensive transformation aimed at enhancing the overall tenant experience. We invested in modernizing amenities and upgrading unit interiors, targeting a more upscale tenant base.
Through strategic marketing and refined property management, we achieved improved tenant retention, leading to increased collections and reduced vacancy rates. Our efforts significantly increased property value, leading to a remarkable equity multiple and IRR.
Track record
Cielo at Athens
Location Athens, GA
Project Details 44 units
Equity Multiple 2.9x
Purchase date August 2021
Sale date August 2022
Holding period 12 months
Sale price $6,380,000
Purchase price $3,700,000
IRR. 192.2%