Monarch Point

Racine, WI
112 Unit Value-Add Apartment

Aquired: 2019
Sold: 2022

Investor IRR:
14% Projected
26.56% Actual

Equity Multiple:
2.21x Projected
2.05x Actual

Greenwood Beach Partners purchased an off-market Class C property. After rebranding the property and introducing professional management, rents were organically moved and about 5% of the property was rehabbed to position for sale as a proof-of-concept value-add transaction. The property was sold in three years, meeting OM equity multiple objectives in three years instead of the initial projection of seven years.

3802 Monarch Dr

3802 Monarch Drive
Racine, WI 53406