Gross Internal Rate of Return (IRR): 17.2%
Tuskawilla Park was a conventional, mid-rise elevator-serviced multifamily property built in 2009. It was situated in the growing and popular Winter Springs area of Seminole County, Florida.
The Class A apartment community included 6,377 square feet of cash-flowing ground floor commercial space. This asset offered an attractive mix of 1-, 2-, and 3-bedroom floor plans with best-in-class luxury interior finishes averaging 1,054 square feet.
In less than six years, Cohen Investment Group implemented a select value-add capital expenditure program to improve interior and exterior facets of the property.
Cohen Investment Group acquired Tuskawilla Park on April 18, 2016 and sold it on February 18, 2022.
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