Aspen Heights
Almost double in 18 months
Location
Fort Smith, Arkansas
Category
$8.8MM
Purchase Price
$4.7MM
Selling Price
$8.8MM
Units
134
How We Did It:
- Originally acquired as "The Oakbrook Apartments", Safe Harbor Investments purchased this 134-unit community for $4.7MM and rebranded it as "Aspen Heights Apartments".
- Through a targeted capital investment program, rents were raised +$200 per month as the asset was repositioned
- Exited for $9MM 18 months post-acquisition
