JSOJ Apartments
Petersburg, Virginia
EXAMPLE
SOLD
Project Highlights
- Holding period of -2 years
- Reducing operating expenses and increase rents
- IRR: 33%
- Purchase date: 2019
- Number of units: 200
- Implemented interior and exterior renovation
- Expenses of egi before purchase: 63%
- Expenses of egi before sale: 45%
- Increased income during the holding period: 41%
- Increased rents: 50%
- Increased noi: 56%
- Sale date: 2021