VALDOSTA GA
131 UNITS
Purchase Price: $9,300,000
Renovation: $1,060,000
Financing: $8,100,000
Total Equity: $3,412,100
Planned Hold Time: 3 – 5 Years

URS Capital acquired the asset significantly below replacement cost, allowing for the opportunity to make strategic capital improvements, provide a quality product at a reasonable rent and be a best in class asset.

Due to the superior location of the asset, URS feels there is significant upside in the rents and occupancy to be achieved. The property has recently received nearly $2,000,000 of improvements but execution has failed allowing URS to step and finish off the plan quickly.

URS sold Latitude 30 Apartments in January 2020; in just 16 months we were able to achieve a 50% project IRR and an equity multiple of 1.84x.