GROW SCALE PROJECTS
Grow Scale's principals have extensive real estate investing experience and a track record of strong returns. Here is a snapshot of some recent projects from our 600+ unit portfolio
Stabilized Investments
N. MINNEAPOLIS APTS
Minneapolis, MN
$8.32M
PURCHASE PRICE
12.08%
ANNUAL CASH FLOW
DESCRIPTION & STRATEGY
106 Unit Portfolio. Increased rents, reduced management expenses, increased non-rent income, renovated office unit
TRI-CITIES VISTA APTS
Tri-Cities (Pasco), WA
$5.25M
PURCHASE PRICE
18%
ANNUAL CASH FLOW
DESCRIPTION & STRATEGY
105 Unit Complex. Increased rents, reduced management expenses, increased non-rent income, re-evaluated HUD program status
SOMMERSET APTS
Minneapolis/St. Paul, MN
$3.40M
PURCHASE PRICE
9.91%
ANNUAL CASH FLOW
DESCRIPTION & STRATEGY
34 Unit Complex. Brought in new management, increased rents, major renovations, improved tenant profile.
FOLWELL PARK APTS
Minneapolis/St. Paul, MN
$2.41M
PURCHASE PRICE
6.39%
ANNUAL CASH FLOW
DESCRIPTION & STRATEGY
37 Unit Complex. Increased rents, new management, repositioned to secure tax credits
BERKSHIRE APTS
Raleigh Metro Area (Raleigh, NC)
$1.24M
PURCHASE PRICE
18%
ANNUAL CASH FLOW
DESCRIPTION & STRATEGY
24 Units. Acquired for $1.24M (under market value), increased rent, financials cleanup, reduced expenses.
PAYNE AVE MIXED USE
St. Paul, MN
$930K
PURCHASE PRICE
15%
ANNUAL CASH FLOW
DESCRIPTION & STRATEGY
13 Unit Mixed Use. (9 Residential, 4 Commercial Units) Replace management, remodel residential units, add new unit, lease vacant commercial units
BLUEBIRD APTS
St. Paul, MN
$3.2M
PURCHASE PRICE
14.2%
ANNUAL CASH FLOW
DESCRIPTION & STRATEGY
33 Unit Mixed Use. Renovated residential units, qualifies for low income tax incentives, renewed retail tenant leases.
Exited Investments
EDGEWOOD CROSSING
Raleigh Metro Area (Butner, NC)
$7.05M
EXIT PRICE
45%
GROSS IRR
DESCRIPTION & STRATEGY
82 Unit Portfolio. (50 unit, 32 unit, 3 acre plot of land) Replaced management, re-branded, increased rents, improved tenant profile, sold assets separately
FORT CAMPBELL HOLDINGS
Clarksville, TN
$9.44M
EXIT PRICE
21.53%
GROSS IRR
DESCRIPTION & STRATEGY
171 unit portfolio. Acquired for $4.95M. Heavy renovations and capex, turned over 80%+ units, brought in new management.
PHEASANT COURT
Portland Metro Area (Milwaukie, OR)
$3.04M
EXIT PRICE
59%
GROSS IRR
DESCRIPTION & STRATEGY
Acquired at $2.15M, $75K in rehab costs. Replaced management, addressed maintenance and rehabbed aged units. Increased rents 27% and improved tenant profile
JACK MILLER APTS
Clarksville, TN
$3.13M
EXIT PRICE
33%
GROSS IRR
DESCRIPTION & STRATEGY
40 unit complex. Acquired for $2.25M. Light renovations, roof replacement and HVAC upgrades
WEST VILLAGE
Raleigh Metro Area (Hillsborough, NC)
$2.4M
EXIT PRICE
74.21%
GROSS IRR
DESCRIPTION & STRATEGY
36 Units. Purchased at 12.5% under market value (based on current operations). Just starting Value-Add strategy with new management, cutting costs and bringing rents to market level, completing rehab of downed units to increase NOI.
PARKSIDE MANOR
Portland, OR
$4.8M
EXIT PRICE
57%
GROSS IRR
DESCRIPTION & STRATEGY
43 Units. Acquired at $3.65M, $100K in rehab costs, increased rents by to market level (25%), reduced management expenses
Past Investments