Rolling Hills is a community constructed in 1975 and located within Louisville, Kentucky.
With a total of 400 units, this value -added strategy consists the update of individual residential units to increase both the rental income and capital value of the asset.
Since acquisition 84 units have already been upgraded, resulting in an additional yielding $ 94 per unit per month revenues.
The investment strategy centers around the optimization of occupancy, which currently sits at 97%, supplying upgraded units demanded by the market, while managing operational expenditure.
|Purchase Price||$ 37.1 million|
|Initial Equity||$ 24.4 million|
|Current Value||$ 37.9 million|