ARIAM in partnership with The Reliance Solutions Group has the opportunity to acquire Hamilton Pines (“Hamilton”) in Chattanooga, TN for $2.75 million. The property was acquired for $1.7 million by the Seller in 2018, who has spent approximately $350k in capital renovating the property since acquisition. 

To date, the seller has renovated 31 of 56 units, replaced all roofs, mailboxes and renovated the onsite laundry facility. We’re budgeting $475,000 ($8,482/unit) to renovate the balance of the units and add amenities such as a playground, dog bark and gazebo/grilling area. In place rents are currently $579 on average, while the market supports rents north of $760.

Raise Amount:  $978,375
IRR:   19%


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About the Author

Dan Summers

Dan is the Founder and CEO of eVest Technology

Dan is a 30+ year practitioner syndicating in excess of $2B and subsequently underwriting its own IPO. As such, he built along with his team of analysts and programmers a one-of-a-kind seamless and comprehensive platform than manages and organizes an entire capital raise. Summers has built a national reputation for integrity, transparency and approachability. Truly, one-of-a-kind.

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