Tennessee 375-units Class C Multifamily Complex - value-add deal - 20.07% average return, 16.55% IRR, 2.01x equity multiple

Location: Chattanooga, Tennessee

Our team is pleased to present the acquisition of Rustic Village (223 units) and Rustic Village North (152 units), a 375-unit multifamily portfolio located in Chattanooga, TN. This opportunity was sourced directly from the original developer/operator, who has owned and operated the properties since inception—Rustic Village (built in 1977) and Rustic Village North (built in 1986). Acquiring these assets at a compelling basis provides an immediate competitive advantage, allowing us to implement a value-add strategy while maintaining affordability for Chattanooga’s growing workforce population. This is a 506(c) opportunity. The hold period is 5 years and investor partners will participate in quarterly distributions, with an 8% preferred return and a 70%/30% split between partners.