Acquisitions
Instead of competing with large-scale investment firms for over-priced assets, we target under-valued multifamily properties in secondary markets that we can acquire at a discount.
We generate high growth returns for our investors through value added activities.
We achieve these returns with cost and time-efficient renovations, operations, and functional amenities.
Our goal is to provide such amazing value to our residents so they choose to stay with us year after year because our communities have become their homes.
Triangle Park
Durham, NC –122 Units
Newly Acquired apartments with $2MM in equity on day one after being appraised.
Park West
Greenville, NC – 52 Units
Earned $125-150 per unit rental increases and generated positive operating returns by the end of the first year.
Stanton
Greenville, NC – 60 Units
Earned $125-150 per unit rental increases and generated positive operating returns six months earlier than projected.
Hampton
Greenville, NC – 64 Units
Generated positive operating returns four months earlier than projected.
Ivy Court
Greenville, NC – 48 Units
Obtained an average rental increase of $250 per month within first year while still maintaining below-market rents.
Cardnial Village
Jacksonville, NC – 134 Units
Closed end of July 2023. Currently implementing operation plan, and meeting year one pro forma projections.
Azalea Gardens
Jacksonville, NC – 90 Units
Acquired November 2023 and implementing value add plan currently.
Resident Review
“I can't say enough about the new property management and maintenance staff! They have been so quick to respond anytime I have a complaint, they get the issue taken care of in a timely manner, and the office staff is always friendly. The property looks so much better than it did before, and it's a lot cleaner.”
— Nathan
“Property owners across the street thanked us for the job we did turning around these buildings. They stopped their maintenance truck, got out, and shook my hand.”
— PJ Connelly, Property Manager for ICG