73-unit Brownstone Manor Apartment Closing in Hummelstown, PA with Anna Kelly, Multifamily Investing Expert
Multifamily Investor Nation · Whitney Elkins-Hutten
April 7, 201944m 17s
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Show Notes
Dan Handford dives deep into this multifamily investing asset which was acquired via a JV partnership with 2 other apartment investors by Anna Kelly with Zenith Capital Group in December 2018. This is a unique asset as it has a mix of multifamily housing units as well as self storage investing units. The entry cap rate was 6.5% with a projected exit cap of 7%. IRR sitting at 14% and CoC at 9.42%.