© 2023 Dasmen Residential.
Parkland Commons / Copper Creek
Charlotte, NC
UNITS
440
ACQUIRED
Jun. 2015
PURCHASE PRICE
$29.3MM
REFINANCED
Sept. 2016
NEW VALUE
$52MM
Highlights
118% Cash out
57% IRR
1.91x Equity Multiple
Green Rock Estates
Charlotte, NC
UNITS
296
ACQUIRED
Oct. 2015
PURCHASE PRICE
$15.2MM
REFINANCED
Mar. 2017
NEW VALUE
$40.1MM
Highlights
163% Cash out
68% IRR
2.30x Equity Multiple
Brook Highland Place
Birmingham, AL
UNITS
400
ACQUIRED
Apr. 2016
PURCHASE PRICE
$33.3MM
REFINANCED
Sept. 2017
NEW VALUE
$46.8MM
Highlights
76% Cash out
11% IRR
1.20x Equity Multiple
Stonebrook
Mebane, NC
UNITS
192
ACQUIRED
Jul. 2016
PURCHASE PRICE
$17.5MM
SOLD
Nov. 2019
NEW VALUE
$21.9MM
Highlights
167% Cash Out
1.90x Equity Multiple
Somerstone Estates
Charlotte, NC
UNITS
360
ACQUIRED
Sept. 2016
PURCHASE PRICE
$24.1MM
REFINANCED
Feb. 2018
NEW VALUE
$39.3MM
Highlights
110% Cash out
35% IRR
1.6x Equity Multiple
The Cove at Matthews
Matthews, NC
UNITS
288
ACQUIRED
Jan. 2017
PURCHASE PRICE
$30MM
REFINANCED
Nov. 2019
NEW VALUE
$39MM
Highlights
60% Cash out
.90x Equity Multiple
Tucson Portfolio
Tucson, AZ
UNITS
1166
ACQUIRED
Feb. 2017
PURCHASE PRICE
$51MM
REFINANCED
March 2018
NEW VALUE
$85.5MM
Highlights
100% Cash out
15% IRR
1.2x Equity Multiple
