Description

Value enhanced by strong marketing plan and immediate renovation of building.  Renovations included new common area lighting, wall coverings, carpet, marble and granite tile and restroom improvements.  Increased occupancy from 20% to 80% within 8 months after acquisition.  Refinanced this asset with a $3,750,000, non-recourse, 30-year amortization loan at 7.19% interest rate. 

Details