Gross Internal Rate of Return (IRR): 22%
Plaza Place Apartments was a 120-unit garden style apartment community offering a well-balanced mix of 1-, 2- and 3-bedroom units. This multifamily asset was built in 1978.
During the three years of the hold, Cohen Investment Group integrated 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 Plaza Place Apartments on November 21, 2017 and sold it on December 30, 2020.
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