Number of Units: 192 units
Purchase Price: $8,700,000
Purchase Date: Nov. 19, 2014
City: Angleton, TX.
Price Per Unit: $45,313
Cap Rate: 7.91%
Cash On Cash: 12.3%
Rentable Sq. ft: 137,088
Price Per Sq. ft: $63.46
Estimated Current Value:
VALUE ADD
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English.
STORY ABOUT ACQUISITION
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
ACTUAL PERFORMANCE
Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage
CASH FLOW DISTRIBUTIONS
The standard chunk of Lorem Ipsum used since the 1500s is reproduced below for those interested. Sections 1.10.32 and 1.10.33 from “de Finibus Bonorum et Malorum” by Cicero are also reproduced in their exact original form
RENOVATIONS
There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words
