Timberfalls Apartments

Average Cash: 7%+ annual rate

IRR: 15%

Number Of Units: 176 State: Alabama

Purchase Date: July 2013

Sold Date: Still Operating

Timber Falls is a B class property, located in a B class area in Birmingham, AL. This was a stable property at purchase.  We have systematically improved the property since acquisition and the property remains stable and profitable.  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.