Case studies
Cielo at Lanier
MULTIFAMILY
Upon acquisition, Cielo at Lanier underwent a comprehensive renovation and rebranding strategy. We focused on enhancing the property's curb appeal, upgrading common areas, and renovating unit interiors to attract higher-paying tenants.
Our diligent property management team streamlined operations, leading to improved tenant satisfaction and increased collections. By leveraging strategic marketing and an improved tenant experience, we significantly enhanced the property's value, resulting in an outstanding equity multiple and impressive IRR.
Track record
Cielo at Lanier
Location Gainesville, GA
Project Details 66 units
Equity Multiple 2.5x
Purchase date October 2021
Sale date November 2022
Holding period 17 months
Sale price $8,250,000
Purchase price $19,108,000
IRR. 87.1%