Fund I

Arium Edgewater

Webster,

TX

Total Required Equity
$842,000
Asset Type
Multifamily
Investment Objective
Value Add
Realized IRR
26%
Hold Period
2 Years
Investment Date
October 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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