Research, primers & case studies

Examines the acquisition, renovation, and disposition of Ashford Commons, a 312-unit garden-style apartment community in Raleigh-Durham, NC. Traces the full arc from a $58.5M acquisition at a 4.6% cap rate through a $12,500/unit renovation program, operational improvement, and revenue management implementation to a $81.2M exit — delivering a 2.1x equity multiple and 19.4% net IRR over a 3-year hold.

Examines the acquisition and repositioning of Meridian Crossings, a 218,000 SF grocery-anchored neighborhood center in Columbus, OH. Acquired off-market at a 7.1% cap rate during peak institutional capital flight from retail, the deal centered on a high-stakes Kroger lease extension, inline re-tenanting, and two outparcel pad site ground leases — exiting at $41.8M (5.3% cap rate) for a 2.2x equity multiple and 20.1% net IRR over 42 months.

Examines the acquisition, asset management, and disposition of a 12-asset, 3.73M SF Sunbelt industrial portfolio spanning Dallas–Fort Worth, Nashville, and Charlotte. Sourced off-market at a 5.2% blended cap rate with an 89% occupancy and 3.1-year WALT, the deal was built around a 22% mark-to-market rent opportunity on near-term lease rollovers. The portfolio was sold to an open-end core fund at exit, generating a 2.5x equity multiple and 18.9% net IRR over a 4.5-year hold.