Dasmen Residential Case Studies
Dasmen Blue Circle

Parkland Commons / Copper Creek

Charlotte, NC
Units

UNITS

440

Acquired

ACQUIRED

Jun. 2015

Purchase Price

PURCHASE PRICE

$29.3MM

Refinanced

REFINANCED

Sept. 2016

New Value

NEW VALUE

$52MM

Highlights

Dasmen Gold Star

118% Cash out

Dasmen Gold Star

57% IRR

Dasmen Gold Star

1.91x Equity Multiple

Dasmen Blue Circle

Green Rock Estates

Charlotte, NC
Units

UNITS

296

Acquired

ACQUIRED

Oct. 2015

Purchase Price

PURCHASE PRICE

$15.2MM

Refinanced

REFINANCED

Mar. 2017

New Value

NEW VALUE

$40.1MM

Highlights

Dasmen Gold Star

163% Cash out

Dasmen Gold Star

68% IRR

Dasmen Gold Star

2.30x Equity Multiple

Dasmen Blue Circle

Brook Highland Place

Birmingham, AL
Units

UNITS

400

Acquired

ACQUIRED

Apr. 2016

Purchase Price

PURCHASE PRICE

$33.3MM

Refinanced

REFINANCED

Sept. 2017

New Value

NEW VALUE

$46.8MM

Highlights

Dasmen Gold Star

76% Cash out

Dasmen Gold Star

11% IRR

Dasmen Gold Star

1.20x Equity Multiple

Dasmen Blue Circle

Stonebrook

Mebane, NC
Units

UNITS

192

Acquired

ACQUIRED

Jul. 2016

Purchase Price

PURCHASE PRICE

$17.5MM

SOLD

Nov. 2019

New Value

NEW VALUE

$21.9MM

Highlights

Dasmen Gold Star

167% Cash Out

Dasmen Gold Star

1.90x Equity Multiple

Dasmen Blue Circle

Somerstone Estates

Charlotte, NC
Units

UNITS

360

Acquired

ACQUIRED

Sept. 2016

Purchase Price

PURCHASE PRICE

$24.1MM

Refinanced

REFINANCED

Feb. 2018

New Value

NEW VALUE

$39.3MM

Highlights

Dasmen Gold Star

110% Cash out

Dasmen Gold Star

35% IRR

Dasmen Gold Star

1.6x Equity Multiple

Dasmen Blue Circle

The Cove at Matthews

Matthews, NC
Units

UNITS

288

Acquired

ACQUIRED

Jan. 2017

Purchase Price

PURCHASE PRICE

$30MM

Refinanced

REFINANCED

Nov. 2019

New Value

NEW VALUE

$39MM

Highlights

Dasmen Gold Star

60% Cash out

Dasmen Gold Star

.90x Equity Multiple

Dasmen Blue Circle

Tucson Portfolio

Tucson, AZ
Units

UNITS

1166

Acquired

ACQUIRED

Feb. 2017

Purchase Price

PURCHASE PRICE

$51MM

Refinanced

REFINANCED

March 2018

New Value

NEW VALUE

$85.5MM

Highlights

Dasmen Gold Star

100% Cash out

Dasmen Gold Star

15% IRR

Dasmen Gold Star

1.2x Equity Multiple