4632 Fowler Ave Everett, WA 98203

Overview:

• 107 unit apartments community acquired in 2016
• Identified significant value-add opportunity with strong upside potential
• Comprehensive renovation program including unit interiors, building exteriors, and common areas
• Additional renovation work completed in 2018 to further enhance asset performance

Financial:

• Successfully refinanced in late 2017
• Returned approximately 90% of original investor capital
• Long-term hold strategy focused on sustained cash flow and value growth