2801 130th Ave SE Bellevue, WA 98005

Highlights:

• Acquired a mismanaged Northwest asset in Bellevue, Washington with substantial deferred maintenance
• Executed a comprehensive renovation and operational repositioning
• Achieved dramatic rent growth, with rents more than doubling during ownership
• Significantly increased overall asset value through renovation and improved management
• Sold in 2017, generating a strong return for investors

Financials:

• Purchase Price (2014): $4.2 million
• Cap X: $1.765 million
• Sale Price (2016): $8.75 million