Full-Cycle Deal – Case Study: Sherwood Villas– 750k to 1.88M – 35.8% IRR
Business Plan:
Sherwood Villas is a 2006 built condo portfolio in the well-located market of West Palm Beach, FL. This property had poor management, with extremely low rents and a pest control problem.
Atlantic Companies vacated the property, tented the buildings to resolve issues, and renovated the interiors fully including flooring and bathrooms.
Results:
Atlantic Companies purchased the property in June 2017 and stabilized the property soon thereafter
After sourcing a strong offer the property was sold in 3 years, with investors getting over a 2.5x return on their equity.
| Project/Asset Name | Sherwood Villas |
| Year Built | 2006 |
| # of Units | 32 |
| Acquisition Price | $2,070,000 |
| Date Sold | 1/1/2019 |
| Hold Time | 36 Months |
| Disposition Price | $3,200,000 |
| Equity Multiple | 2.5x+ |
