Off-market value-add acquisition at a purchase price below appraised values and recent property trades in the submarket. High vacancy property with in-place rents below market value. Our wholly-owned property management company will lease-up property and bring rents up to market. The investment provides investors the ability to capitalize on high market demand for apartments in an expanding submarket. The investment provides investors with stable high cash-on-cash annual returns, risk reduction of equity through multiple refinances and significant tax advantages.