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Exit update: Wilmington, DE apartment investment pays back successfully

This project generated an annualized return of roughly 10%, which supported dividend payments for Income eREIT investors.

May 16, 2019

In September 2017, we invested $4 million in the acquisition of the Brandywine Hundred Apartments, a 301-unit apartment complex in Wilmington, Delaware. The business plan involved performing light improvements to the apartments to boost rental income.

Today, we’re pleased to announce that the project’s sponsor refinanced the property to pay back our investment, which earned an annualized return of roughly 10%¹ over its duration.

Investor FAQ: How does an individual project impact your portfolio?

This investment was structured like debt, where the project’s sponsor must pay us a fixed rate of return before they can earn a return for themselves, and their equity provides us with a cushion against losses. Throughout the term of this investment, the regular income it generated supported quarterly dividends for the Income eREIT.

All updates on this asset

New acquisition: Stabilized apartments in Wilmington, DE

Sep 11, 2017

Exit update: Wilmington, DE apartment investment pays back successfully

May 16, 2019

More about this asset

Brandywine Hundred Apartments

1. Annualized return calculated using the internal rate of return (IRR) method.

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