Seven Pointe

Seven Pointe had been neglected by the previous owner and required significant capital for deferred maintenance and renovations. The stabilization process proved to be one of our most challenging, but we leaned on the experience and expertise of our asset management and renovations teams to execute our business plan and exceed our projected returns upon sale.

Property Summary

State

Indianapolis, Indiana

Units

392

Year Built

1968

Purchase Price

$11.3MM

Total Investment w/Rehab

$24.5MM

NOI Increase %

345%

Sales Price

$40MM

Equity Investment

$8.0MM

Net IRR

25.5% (31.4% gross)

Net Multiple

2.51x (3.07x gross)

Hold Period

4 Years

1240 East 2100 South, STE 300
Salt Lake City, UT 84106

801.783.3430
[email protected]

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