In 2015, together with a local partner, Broadview began purchasing single-family rental homes in secondary markets in Georgia. Through our local partner and local relationships, we are able to selectively purchase overlooked houses at substantially discounted prices, improve the houses and lease them to deserving and responsible tenants at attractive rates. We intend to hold and operate these houses indefinitely, constantly maintaining and improving them to assure their continued desirability as rental homes and ensuring value appreciation over time. As of December 2016, we have approximately 50 houses in our portfolio.
Average Cash: 15%-20% annual rate
Number Of Units: 44 State: Georgia
Sold Date: Still Operating