In Grocapitus' own words: "This track record was artificially boosted by extraordinary market conditions, given the rapid rise in interest rates, we expect future performance will moderate significantly."
Park Canyon, Dalton GA
A 151-unit stabilized Class B multifamily in the high-growth corridor between Chattanooga and Atlanta, acquired in November 2018. The property overperformed continuously with occupancy near 100% and collections at 100% throughout the pandemic. 29 additional units were built on site and quickly leased up. Issuing distributions since inception, Park Canyon sold in 2022 with class-leading returns.
We loved this property so much, we bought it again in 2022.
View in portfolioEquinox On Prince, Tucson AZ
114-unit value-add purchased March 2019. Recovered to 98% occupancy after COVID challenges with a significant reduction in expenses.
Storage Depot
Our first self-storage project, a 718-unit value-add facility rebranded as a green facility with two solar arrays powering the entire complex.
Windward Forest, East Atlanta GA
216-unit Class C value-add acquired in 2018. The Grocapitus Efficiency Center kept occupancy above 95% and generated 6,500 leads and 31 leases, adding $358,714 to the sale value.
Fairview, Greenville SC
120-unit property in a stable growth area, acquired September 2020. Cumulative effective rent growth of 15.9% with average occupancy near 95%, performing above projections.
Lakewood Oaks, Jacksonville FL
138-unit Class C value-add acquired February 2019. Rebranded and renovated, then sold in 2021, earlier than planned, in a hot Jacksonville market.
Woods Cross, Salt Lake City Metro
Our first industrial project, a shovel-ready six-building FLEX industrial development launched August 2020. Construction completed in 2023, now fully leased. Fully subscribed.
Equinox Townhomes, New Braunfels TX
122-unit new construction townhome community in the Austin-San Antonio corridor. A $43.3M development in an A+ rated school district, leveraging the build-to-rent model.
Chelsea Place, Lithonia GA
174-unit community with townhouse-type units, purchased December 2018. Maintained high occupancy through COVID and sold in the summer of 2021 with solid returns.