Confluence at Three Springs
Description
Newly constructed, 98% occupied, Class “A” stabilized multifamily residential complex. This property has an attractive in-place cash flow in a supply-constrained, high-growth, and high barrier-to-entry market.
Significant purchase price discount with stabilized below replacement cost in an undersupplied market with projected population growth.
Details
Target Equity Multiple: 1.9x
Target IRR: 15%
Deal Type: Core+
Asset Type: Multifamily
Sponsor: Trailbreak Partners
Target Investment Period: 6 years