Cheyenne Court Apartments

The Cheyenne Court Apartments, purchased in late 2021, are located in an evolving area of Greenville, NC.  In rapid timing, we were able to quickly execute our business strategy, which concluded with us being able to drive rental rates in the complex up 75% and double resale value.  All of this occurred in just one year.

In this specific investment, we were able to generate an average annual return of roughly 508% and an equity multiple of 11.1x.