Gross Internal Rate of Return (IRR): 41.7%
The Village at Western Branch Apartments was a part of Cohen Investment Group’s James River Multifamily Portfolio. It consisted of 104 garden-style units in Portsmouth, Virginia, a city within the Hampton Roads MSA – the largest metro between Washington, DC and Atlanta, GA.
Cohen Investment Group implemented a select value-add capital expenditure program to improve interior and exterior facets of the property, and in just under two and a half years of ownership CIG was able to significantly improve NOI.
The James River Portfolio consists of the following properties:
Cohen Investment Group acquired this property on November 19, 2019 and sold it on May 5, 2022.
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.