EPISODE · May 19, 2019 · 43 MIN
128-Unit Riatta Ranch Apartment Acquisition in Abilene, TX with Chihiro Kurokawa, Apartment Building Investing Expert
from Multifamily Investor Nation
Dan Handford with PassiveInvesting.com discusses the 128-unit Riatta Ranch apartment investment that acquired by Chihiro Kurokawa with Blackriver Equity Partners. This asset was acquired with in-place occupancy of 94%. The market cap rate was 6.4% and this was low due to the high expense % of 76% upon acquisition. The adjust going-in cap rate assuming a 52% expense ratio was 9.8%. The projected returns for passive investors on the 5 year hold was great. Accredited investor? Explore our Real Estate Debt Fund targeting 8%-10% annual returns. $600mil+ in loans originated since 2020. Learn more at PassiveInvesting.com.Accredited investor? Explore our Real Estate Debt Fund targeting 8%-10% annual returns. $600mil+ in loans originated since 2020. Learn more at PassiveInvesting.com.
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128-Unit Riatta Ranch Apartment Acquisition in Abilene, TX with Chihiro Kurokawa, Apartment Building Investing Expert
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