8d (edited) • Seeking Investors (or Funding)
Stabilized > Sexy. Why we said yes to this TN portfolio.
We’re under contract on a 197-unit portfolio in the Tri-Cities region of Tennessee.
95% occupancy.
~$2M in CapEx already completed.
Needs-based renter profile.
200+ bps positive leverage.
It’s not flashy.
It's not Austin.
It’s not lease-up.
But it’s predictable.
We like visible risk, priced-in upside, and day-one cash flow.
Target metrics:•
~12% CoC•
~18% IRR•
7.5% pref•
2.0+ multiple•
5-year hold
Curious how others are viewing stabilized tertiary assets in this rate environment.
We’re opening this to LPs— if you want to review the underwriting, DM me.
1
1 comment
Stabilized > Sexy. Why we said yes to this TN portfolio.
skool.com/how-to-raise-capital
Raise capital for your real estate deals. Plug into the largest capital raising community on Skool to find more investors and do bigger deals.
Leaderboard (30-day)
1
+6
2
+5
3
+3
4
+2
5
+2
Powered by