Willow Chase Cove

Average Cash: 7% annual rate

IRR: 15%+

Number Of Units: 76 State: Georgia

Purchase Date: June 2015

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.