BlueSpruce Holdings closed on this 16-door stabilized asset in April 2018. We bought this community because of its strong cash flow and the ongoing development of the Bridgeport’s Black Rock neighborhood, the most desirable part of the city.
| Deal profile: | Cash flow |
|---|---|
| Purchase price: | $1,200,000 |
| Equity raised: | $280,000 |
| Projected COC: | 9% |
You can download the original investor package here.