Meadowlark Apartments

Average Cash: 6% annual rate

IRR: 15%+

Number Of Units: 48 State: Alabama

Purchase Date: March 2016

Sold Date: Still Operating

Meadowlark Apartments is a B class property, located in a B class area in McDonough, GA. This property was in excellent shape at the time of purchase.  We combined this property operationally with another nearby property in our portfolio, realizing substantial operating synergies and increasing profits meaningfully.  We continue to pay quarterly cash distributions and will operate the property for cash flows until we ultimately sell the property to realize capital appreciation.