Willow Glen Apartments, a 97 unit multifamily community located in the rapidly growing Rolando/College Area submarket of San Diego, California. After implementing $2.2 million in capital improvements and rebranding the community, Trion nearly doubled the asset’s value and tripled the net operating income within the first 18 months of ownership The property was repositioned with full exterior and interior renovations, new signage, upgraded common areas and beautiful drought resistant landscaping.
- No. of Units 97
- Acquisition Price $9,650,000
- Disposition Price $17,9000,000
- Hold Period 42 months
- Project Level IRR 37.23%