Donaldson acquired Rolling Brook Village with a business plan of correcting significant deferred maintenance and taking advantage of needed value add upgrades, as well as continuing an interior unit renovation program to generate rent premiums that were competitive in the market.
24.19% Internal Rate of Return
Donaldson initiated a $5.25mm renovation, of which approximately $2.67mm was spent before sale.
The improvements to Rolling Brook Village significantly improved the curb appeal and desirability of the property through upgraded amenities, enhanced landscaping, and exterior and interior renovations which allowed Rolling Brook Village to achieve rents competitive with newly constructed product in the market and which positioned the property for a very successful disposition.
|Purchase Price Per Unit||$146,858|
|Renovation Cost Per Unit||$3,590|
|Sale Price Per Unit||$189,208|
|Internal Rate of Return||24.19%|