Warrenton Village

This complex was acquired in Q1 of 2023 and is located in Warrenton, NC.  While located in a "smaller" market, Warrenton was targeted due to:

- Proximity to Raleigh/Research Triangle (Less than 1 hour).  With the rapid growth in the research triangle area, it's our belief that growth will expand into the surrounding areas.

- Low Supply of Rental Units.  With little current competition in the area and no new construction scheduled (based on city permits/applications), there is a prime opportunity to take advantage of positive rental projections.

- Positive Rental Trends/Projections.  Yearly rent in the area has steadily increased from 2018 - 2023 and projections show this to continue into the foreseeable future.

On top of the market potential, the 18-unit complex is set up to be a strong financial performer in itself.  In less than 1 year, we have increased rental rates by almost 50% and increased property value by almost 60% - resulting in an estimated 2X payout for out investors.