Details
A 230-unit market property, located in Tallahassee, Florida. Capital improvements over USD 4.5 million were made prior to acquistion. Additional capital is being deployed to address remaining elements not addressed earlier. Interest-only variable rate financing is in place over the next 5 years, enabling disposition options once tenant mix has been optimized and property fully stabilized.
City
Tallahassee
State
Florida
Aquisition date
April 2016
Number of units
228
Surface area
25795 m2
Fair value
31.3 Mio USD