The Disrupt Equity team is excited to announce that we have officially closed on selling Longfellow Apartments! Longfellow is a 139 unit, class C+ asset, located in Beaumont Texas. In the initial steps of analyzing this deal, the asset came with some drawbacks. Longfellow Apartments had flat roofs, chillers, and was located within a tertiary market. Despite these drawbacks, the Disrupt team saw potential to add a ton of value to the asset and increase its performance. With the correct execution of our business plan, within 22 months, Disrupt achieved a 90% return to our investors. Below are some highlights on the sale of Longfellow Apartments:

Return

Investor Return: 90%

Annualized Return: 55%

Total Income

Purchase Price: $5.28M

Sale: $7M

Profit: $2M

NOI

Takeover: $450K

Sale: $600K

We are thankful to our investors for their faith and support throughout this process. Disrupt is excited to continue to rapidly expand and improve our business! Stay tuned for some exciting projects ahead. To get notified of our future opportunities make sure you have filled out our investment form here. 

Thank you,

Disrupt Team