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Stabilized multifamily community in Irondale, AL, a top Birmingham suburb. Fully renovated in 2017, the Property will be acquired at below-replacement cost with an assumable fixed-rate senior loan.
Deal Highlights
- Assumable, fixed-rate agency financing with potential positive cash flow day 1.
- Extensive interior, exterior, and amenity renovations completed in 2017.
- Below estimated replacement cost acquisition price.
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Hamlet Avalon Park in Wesley Chapel, FL, is a 260-unit build-to-rent community in Tampa’s top suburb, part of the master-planned Avalon Park. CS members can invest in an unpromoted General Partnership position, five months into construction (begun Sept. 2024), mitigating key development risks.
Stabilized multifamily community in Irondale, AL, a top Birmingham suburb. Fully renovated in 2017, the Property will be acquired at below-replacement cost with an assumable fixed-rate senior loan.
Acquired at a 15% discount to its previous transaction price, the Murray Hill property offers a compelling value-add opportunity. Uniquely exempt from NYC rent regulation laws, the ongoing unit renovations Haim to capture potential rent premiums.
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