Case
Studies

Summit at Hyde Park

Location: Austin, TX
Units: 192
Acquisition Date: 10/11/2019
Purchase Price: $28,800,000
IRR: 32%
Equity Multiple: 2.17x

Summit at Hyland Park

Location: Beaverton, OR
Units: 137
Acquisition Date: 12/06/2019
Purchase Price: $34,100,000
Disposition Date: 12/17/2021
IRR: 29%
Equity Multiple: 1.68x

Ascent at Union Square

Location: Provo, UT
Units: 139
Acquisition Date: 12/29/2020
Purchase Price: $16,000,000
Disposition Date: 6/30/2023
IRR: 43%
Equity Multiple: 2.23x

Edgewood Park

Location: Cottonwood Heights, UT
Units: 64
Acquisition Date: 9/06/2018
Purchase Price: $11,000,000
Disposition Date: 8/05/2020
IRR: 35%
Equity Multiple: 1.85x

Tempo West

Location: Portland, OR
Units: 60
Acquisition Date: 7/22/2019
Purchase Price: $10,750,000
Disposition Date: 12/15/2021
IRR: 26%
Equity Multiple: 1.69x

Ascent at Sugarhouse Cove

Location: Salt Lake City, UT
Units: 59
Acquisition Date: 2/13/2020
Purchase Price: $6,700,000
Disposition Date: 10/05/2021
IRR: 59%
Equity Multiple: 2.15x