PORTFOLIO

Rise on Thomas
Phoenix, Arizona

Rise on Thomas is a Class C+, 100-unit multifamily property built in 1969 in the heart of Central Phoenix, AZ.
Rise on Thomas, acquired in March 2021, was an excellent opportunity to enter into the growing Phoenix, AZ market and increase value by renovating both the exterior and interiors of the units.

 

METRIC                                      PROJECTED            ACTUAL

Equity Multiple                                      2.0x                1.80x

Internal Rate of Return (IRR)              16.0%             62.1%

Annualized Returns                              19.0%             68.7%

Hold Period                                             5 yrs.             14 mo.

                                                                                                                                                       

Meriwether Place
Durham, North Carolina

Meriwether Place Apartments is a Class B, 256 unit garden-style multifamily property built in 1996/1998 in Durham, NC.  Meriwether Place Apartments, acquired in July 2021, was an excellent opportunity to enter the growing Raleigh-Durham, NC market and increase value by renovating both the exterior and interiors of the units.

 
METRIC                                        PROJECTED            ACTUAL

Equity Multiple                                      2.0x

Internal Rate of Return (IRR)              19.0%

Annualized Returns                              20.0%

Hold Period                                             5 years

                                                                                                                                                       

ShoreView
Bradenton, Florida

ShoreView is a Class A, 216 unit garden-style multifamily property built in 2021 in Bradenton, FL.  ShoreView, acquired in December 2021, was an excellent opportunity to enter into the high-growth North Port-Sarasota-Bradenton market with an institutional-quality asset in an irreplaceable, waterfront location.

 
METRIC                                        PROJECTED            ACTUAL

Equity Multiple                                      1.93x

Internal Rate of Return (IRR)              15.5%

Annualized Returns                              18.6%

Hold Period                                             5 years

                                                                                                                                                       

Rise Encore
Phoenix, Arizona

Rise Encore is a Class B+, 376-unit multifamily property built in 1986 and 2004 in the B+ Southwest Phoenix submarket, AZ. Rise Encore, acquired in July 2022, was a 1031 exchange from Rise Thomas (acquired March 2021). Rise Encore was an excellent opportunity to remain in the growing Phoenix, AZ market with a significant asset and increase value by renovating both the exterior and interiors of the units.

 
METRIC                                        PROJECTED            ACTUAL

Equity Multiple                                      2.12x

Internal Rate of Return (IRR)              17.2%

Annualized Returns                              22.3%

Hold Period                                             5 years

                                                                                                                                                       

Rise on Thomas
Phoenix, Arizona

Rise on Thomas is a Class C+, 100-unit multifamily property built in 1969 in the heart of Central Phoenix, AZ.
Rise on Thomas, acquired in March 2021, was an excellent opportunity to enter into the growing Phoenix, AZ market and increase value by renovating both the exterior and interiors of the units.
 
METRIC                                             PROJECTED            ACTUAL

Equity Multiple                                       2.0x                          1.80x

Internal Rate of Return (IRR)              16.5%                        62.1%

Annualized Returns                              19.9%                        68.7%

Hold Period                                             5 yrs.                         14 mo.

                                                                                                                                                       

Meriwether Place
Durham, North Carolina

Meriwether Place Apartments is a Class B, 256 unit garden-style multifamily property built in 1996/1998 in Durham, NC.  Meriwether Place Apartments, acquired in July 2021,
was
an excellent opportunity to enter the growing
Raleigh-Durham, NC market and increase value by renovating both the exterior and interiors of the units.

METRIC                                             PROJECTED            ACTUAL

Equity Multiple                                       2.0x

Internal Rate of Return (IRR)              19.0%

Annualized Returns                              20.0%

Hold Period                                             5 years

 

ShoreView
Bradenton, Florida

ShoreView is a Class A, 216 unit garden-style multifamily property built in 2021 in Bradenton, FL.  ShoreView, acquired in December 2021, was an excellent opportunity to enter into the high-growth North Port-Sarasota-Bradenton market with an institutional-quality asset in an irreplaceable, waterfront location.

 
METRIC                                             PROJECTED            ACTUAL

Equity Multiple                                       1.93x

Internal Rate of Return (IRR)              15.5%

Annualized Returns                              18.6%

Hold Period                                             5 years

                                                                                                                                                       

Rise Encore
Phoenix, Arizona

Rise Encore is a Class B+, 376-unit multifamily property built in 1986 and 2004 in the B+ Southwest Phoenix submarket, AZ. Rise Encore, acquired in July 2022, was a 1031 exchange from Rise Thomas (acquired March 2021). Rise Encore was an excellent opportunity to remain in the growing Phoenix, AZ market with a significant asset and increase value by renovating both the exterior and interiors of the units.

 
METRIC                                             PROJECTED            ACTUAL

Equity Multiple                                       2.12x

Internal Rate of Return (IRR)              17.2%

Annualized Returns                              22.3%

Hold Period                                             5 years

                                                                                                                                                       

TAKE THE NEXT STEP

We look forward to helping you build passive income so you can have the time and flexibility to live an intentional life and grow long-term wealth to secure your future. Join our Investor List today to get started with passive multifamily real estate investing and achieve financial independence.

© 2022 Surf Street RE

2850 45th Street, Suite A
Highland, Indiana 46322

NOTE: This information is of a general, educational nature and may not be construed as legal or tax advice pertaining to a specific offering, exemption, or situation. Any such advice must be sought from your own attorney, or properly licensed tax professional, pursuant to an attorney-client, or other professional relationship.