Renovations and expense controls improved collections and stabilized operations, driving significant NOI and value gains in the first year.

• Quick facts: Total units – 10
• Status: Operating
• Distribution target: 8%
• Value creation: +$500k value in 9 months (recent appraisal)
• Rent growth: +$11,000/month since takeover
• Hold period: ~5 years
• Projected returns: 8% CoC, 25%+ IRR