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Phoenix Asset Sells After 13 Months for 97% Return

Opportunities, Performance

Alternative Investors Mastermind Postcast

Hosted by Jack Krupey

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JKAM’s allocation to Dunlap Falls Apartments in Phoenix, AZ has sold in only 13 months for a total ROI of 97.49% and an IRR of 97.25%

The project outperformed the initial projections by:

  • More than 80% IRR
  • More than 75% ROI

Please remember that past performance may not be indicative of future results.

This Operating Parter continues to execute their value-add strategy to force appreciation in a booming Phoenix Market.

Dunlap Falls Apartments – Exited

Phoenix, AZ

This is a short walkthrough video of the liquidated Phoenix asset.

We are investing with the same Operating Partner in a similar property and value-add strategy in the Phoenix area. The JKAM Diversified Real Estate Fund has given a soft commitment for $500k in the Tierra Santa Apartments.

During the JKAM team’s Due Diligence process, some qualities that made this investment attractive are the Operator’s track record, ability to execute, and Phoenix market.

Our Operating Partner focuses on 2-5 year hold apartment investments and to date they have had 26 communities go full circle, yielding an average 66.9% project level IRR (inclusive of 5 communities in escrow to be sold).

Why JKAM invests in Phoenix

Phoenix is ranked as the #3 Market for Multifamily Rent Growth and currently has a 22.8% year over year rent growth rate and a Forecasted rate of 21.4% through year end.

Source: WealthManagement.com

Tierra Santa Apartments – Funded

Phoenix, AZ

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The JKAM Diversified RE Fund made a soft commitment of $500,000 to Tierra Santa Apartments which is another value-add property in the Phoenix metro area with the same operator.

During the JKAM team’s due diligence a few metrics that stood out are:

  • Operator Track Record and Ability to Execute
  • Phoenix is #3 Market for Multifamily Rent Growth
    Source: WealthManagement.com
  • A Conservative Exit Cap Rate Assumption
  • Interest Cap on Senior Debt
  • JKAM Fund Favorable Investment Terms

Projected Investor Returns:

  • 17-19% IRR Over 3 Years
  • 18-20% Average Annual ROI

We are very excited about this project because of the Property, Market, Strategy, Conservative Projections and Operator with proven track record.

This will likely be JKAM Diversified Fund’s last investment allocation before we close Fund I to new equity investors in December 2021.

Schedule a call with Investor Relations to reserve your investment:

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