Gross Internal Rate of Return (IRR): 25.1%
Paladin Apartments, formerly known as Monticello Apartments and Medical Center Apartments –adjacent to each other, consisted of eight buildings totaling 110 units of 1- and 2-bedroom apartment.
During the four years of hold, Cohen Investment Group implemented a select value-add capital expenditure program to improve interior and exterior facets of the property to increase rents and net operating income.
Cohen Investment Group acquired Paladin Apartments on July 25, 2017 and sold it on July 21, 2021.
Please give us a call or send us a message if you have any questions or would like to learn more about investment opportunities at CIG.
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