The GSH Group Announces Sale of Foote Hills Property, Achieving Impressive Investor IRR of 15.25%
The GSH Group Announces Sale of Foote Hills Property, Achieving Impressive Investor IRR of 15.25%
CLAWSON, Mich., April 9, 2024 /PRNewswire/ -- The GSH Group, one of the nation's fastest-growing multifamily real estate investment companies, is thrilled to announce the successful sale of its Foote Hills property in Grand Rapids, Michigan. The sale resulted in an impressive ~18% IRR, while Investors enjoyed a ~10% cash-on-cash yield throughout the holding period of the property.
密歇根州克勞森，2024年4月9日 /PRNewswire/ — 美國增長最快的多戶住宅房地產投資公司之一GSH集團很高興地宣佈成功出售其位於密歇根州大急流城的Foote Hills房產。此次出售帶來了令人印象深刻的約18％的內部收益率，而投資者在該物業的整個持有期內享有約10％的現金收益率。
GSH acquired the Foote Hills property in March 2020, recognizing the immense potential in the thriving Grand Rapids submarket. At the time of acquisition, rental rates in the community were significantly below market rents. Leveraging their expertise, GSH implemented an intentional value-add program, making significant capital investments to upgrade the interior units and enhance the property's exterior components through carefully planned renovations.
2020年3月，GSH收購了富特希爾斯的房產，這表明了蓬勃發展的大急流城子市場的巨大潛力。收購時，該社區的租金大大低於市場租金。利用他們的專業知識，GSH實施了一項有意的增值計劃，進行了大量資本投資，通過精心規劃的翻新工程來升級內部單元並改善物業的外部組件。
These strategic improvements allowed the property to attract a higher-quality demographic of renters and subsequently raise the rental rates, thereby significantly boosting the asset's status in the market. The Foote Hills property was recently sold for a final sale price of $32,000,000.
這些戰略改進使該物業能夠吸引更高質量的租戶群體，並隨後提高租金，從而顯著提高該資產在市場上的地位。富特希爾斯的房產最近以32,000,000美元的最終銷售價格出售。
Gideon Pfeffer, CEO & Managing Partner of The GSH Group, expressed his satisfaction with the successful sale, stating, "The sale of Foote Hills marks a significant milestone for The GSH Group and demonstrates our ability to identify and capitalize on investment opportunities in strong markets. Our strategic value-added approach provided exceptional returns for our investors and positively impacted the communities in which we operate."
GSH集團首席執行官兼管理合夥人Gideon Pfeffer對成功出售表示滿意，他說：“出售Foote Hills標誌着GSH集團的重要里程碑，也表明了我們在強勁市場中發現和利用投資機會的能力。我們的戰略增值方法爲我們的投資者提供了豐厚的回報，並對我們經營的社區產生了積極影響。”
With decades of experience, the GSH partners and executive team have built a highly effective platform to buy, enhance, and operate real estate, which has benefited their investors and positioned the firm to capitalize on unique opportunities in the multifamily space. While today's volatile interest rate environment has led to significant real estate distress, GSH sees a window of immense potential on the horizon for new buying opportunities. GSH's infrastructure and network are in place to capitalize on these unprecedented times, and they look forward to announcing soon how investors can get involved.
憑藉數十年的經驗，GSH的合夥人和執行團隊已經建立了一個高效的平台來購買、改善和運營房地產，這使他們的投資者受益，也使公司能夠利用多戶住宅領域的獨特機會。儘管當今動盪的利率環境導致了嚴重的房地產困境，但GSH認爲新的購買機會即將到來，潛力巨大。GSH的基礎設施和網絡已經準備就緒，可以利用這個前所未有的時代，他們期待着儘快宣佈投資者如何參與其中。
About GSH:
關於 GSH：
Founded in 2017, The GSH Group specializes in owning, managing, and improving multifamily communities in desirable locations with strong potential. The GSH partners have purchased approximately 9,472 apartment units in the country's top housing markets. Its current portfolio consists of around 6,387 units across 6 states, including 10 multifamily communities acquired in 2021. The firm currently holds approximately $1 billion in assets under ownership.
The GSH Group has recently been recognized for other outstanding accomplishments in the industry, including the prestigious M&A Award 2024 for its creative financing deployed to close the region's top multifamily deal of 2023. The GSH Group is also an Inc. 5000 company. To learn more, visit gshrealestate.com.
GSH集團成立於2017年，專門在具有巨大潛力的理想地點擁有、管理和改善多戶家庭社區。GSH的合作伙伴已在該國頂級住房市場購買了約9,472套公寓單元。其目前的投資組合包括分佈在6個州的約6,387套住房，其中包括2021年收購的10個多戶家庭社區。該公司目前擁有約10億美元的資產。
GSH集團最近因其在行業中取得的其他傑出成就而獲得認可，包括因其創新融資而獲得久負盛名的2024年併購獎 完成該地區2023年最大的多戶住宅交易。GSH集團也是一家5000公司的公司。要了解更多信息，請訪問 gshrealestate.com。
MEDIA CONTACT:
媒體聯繫人：
Mataan Lis
Director of Investor Relations
248.787.4745
馬塔安·利斯
投資者關係董事
248.787.4745
SOURCE The GSH Group
來源 GSH 集團
譯文內容由第三人軟體翻譯。