Closing of Country Place Apartments!!

September 16, 2019

Trinity Capital Group is pleased to announce the closing of our most recent acquisition, Country Place Apartments.

 

Country Place had been owned and self-managed by the original developer/owner who built the complex in 1996. This provides us with tremendous opportunity by upgrading the interiors, improving the exterior, and optimizing operations.

 

Thank you to all of our trusted partners and investors for letting us put your capital to work. We appreciate you!

 

Details about the purchase:

  • 137 units  

  • $11,150,000 purchase price

  • 3.44% fixed interest rate

  • 2 years IO

  • 10-year term

  • Strong cash flow from Day 1

  • Instant equity capture based on as-is appraisal

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