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Deal Description
Kay Finance introduced a boutique family office who invested passively in the LP position on this transaction. This was coming off a 1031 exchange and was bought at a fantastic basis. The initial investment outlook was for 3 years but they ended up hitting their proforma numbers in the first 18 months. Ultimately they sold the asset and our LP capital partner made a 2X multiply on their investment.
Property Location
Atlanta, GA
Quick Stats
Partner Type
JV Equity
Program Type
Acquisition
Program details
- Single Investor
- Waterfall structure
- A 50/50 promote above an 8% preff
- 5 year investment outlook
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