The Mara Poling Total Return Fund is pleased to announce its latest acquisition – Northridge Court. An 86 unit Multi Family asset generating exceptional returns – 8.3%+ Cash Return and 19,5%+ Total Return.
- Performing Asset: Purchased off market at favorable pricing, 94%+ occupied, Positive cash flow day 1
- Value Add Opportunity: 15% to 20%+ Rent Increase driving $18K+ Value/unit for modest capital investment $5k-6k/unit
- Dallas/Fort Worth Sub-Market: Great location, diverse employment base, solid schools, safe neighborhood, strong population, employment, and income growth
- Exceptional Returns: Pro-Forma returns of 8.3%+ Cash and 19.5%+ Total Return, based on rigorous underwriting, exceed Fund targets
Join us for a live webinar Thursday October 20th at 6 pm Pacific. Pat and the team will share an overview of the acquisition and participate in a live Q&A session. Register now for the live webinar.
Live Webinar Tuesday November 1st @ 6 pm PDT