Mountain Springs was purchased from an owner who self-managed. This property was acquired with low in place rents, and problematic financials which made it hard to secure permanent financing. The property received complete unit turns and we were able to increase the rents to market. Many of the rents were $100-200 below market. The exterior of the property had a landscaping overhaul which increased the curb appeal.
|Value Add||Interior unit turns, Landscaping|