Fund I Portfolio
Country Meadow Apartments
Description
A 466-unit Class B value-add apartment community located on the West Side of the highly desirable Madison, WI market. It is well-occupied at approximately 95%, yet the current rents are significantly below market rates.
Midloch has identified the opportunity to upgrade unit interiors and common areas to increase rents to market levels while partnering with a multi-family operator with assets throughout Wisconsin. The Property is located less than a mile from the Beltline Highway, which circles the city, making it an ideal location for renters.
Details
Target Equity Multiple: 2x
Target IRR: 16%
Deal Type: Value-Add
Asset Type: Multifamily
Sponsor: Midloch Partners
Target Investment Period: 5 years
