Parc Towne Plaza, 160 units

This 160-unit property was acquired in the fall of 2014 and underwent a quality rehab. The seller had done a partial rehab and the partnership finished what had been started. Roofs, aluminum wiring remediation, all new Energy Star rated windows and significant interior upgrades were just a few of the items completed. Today, the asset is sale pending the new investor additional upside. Stay tuned for a post closing update that will evaluate the return and compare the original business plan to current.