Fund I

Arium Edgewater

Webster,

TX

Realized IRR
26%
Total Required Equity
$12,566,867
Investment Objective
Growth & Income
Asset Type
Multifamily
Hold Period
3 Years
Investment Date
10/1/2012

Investment Summary

Purchased off-market, Arium Edgewater was a 414-unit multifamily asset located in Webster, TX and built in 2008. The asset was stabilized upon our acquisition, so our business plan was to increase rents to match the rents being achieved at other properties in the area. We also implemented operating efficiencies, resulting in material expense savings and increasing net operating income.

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