In November, Morrison Avenue Capital Partners sold MACP MidTown, a two property 512-unit portfolio in Montgomery, AL. Purchased off-market in 2019, MACP successfully deployed over $5MM in value add interior and exterior upgrades, transforming the property and driving rents.
Purchase Price
$33,100,00
Sales Price
$49,408,000
Equity Deployed
$10,100,000
Total Distributions
$17,504,511
Investor Multiple
1.73x
Investor IRR: 28% (Net of all fees)
