Limited Opportunity: CLASS A MULTI-FAMILY INVESTMENT

The Grand Reserve

Huntsville, AL

Who should invest?

18.7% Projected IRR — Class ‘A’ Real Estate

Operator with Proven Track Record

Penn Capital’s institutional quality investments and experienced property management will play a significant role in maximizing the income generated by the property. Having already successfully acquired and renovated three other multi-family properties in the Huntsville market, we know how to force appreciation in order to achieve the best longterm outcomes for our investors,

Why Huntsville?

232 units

98% occupancy

Built in 2004 and partially renovated

We intend to modernize and refresh the individual units with cosmetic upgrades to answer the shortage of high-end and garden-style apartments in the area.

Penn Capital case studies:

Madison Grove Apartments & Townhouses
  • 390 units
  • Huntsville, Alabama
  • Value-add: Class C- to B-
  • Completed $5.9M rehabilitation in 12 months
The Windsor

 

  • 88 units
  • Huntsville, Alabama
  • Class A- corporate housing & workspace
  • $4.5M extensive rehabilitation in 9 months
Westwood Park Apartments
  • 124 units
  • Outside Houston, Texas
  • Value-add: Class C to B
  • Completed initial rehabilitation in 8 months
Fairfield Lakes
  • 101 units
  • Outside Dayton, Ohio
  • Value-add: Class B to A
  • Rebuild from tornado (May 2019) complete August 2020.

CAPEX projects for the Grand Reserve include pool and gym upgrades, refreshing of the clubhouse and leasing office, upgrading to stainless appliances and new countertops, and adding state-of-the-art decorative street lighting.

Interested in participating in the project??

Simply complete the form below and we’ll send you the investment packet
 
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167 Bridge St, Phoenixville, PA 19460 • (267) 436-1727 • info@penncapitalgroup.com

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