IMG Purchases Raleigh Multifamily for $14.3M

Investors Management Group’s ownership group has purchased Sommerset Place Apartments, a 144-unit property in Raleigh, NC for $14.3M as part of its Syndication Platform. The Company will execute an $8,200/unit value-add strategy to capitalize on a dynamic multifamily market.
  • Equity placed: $6M
  • Investors: 26
  • 1031 Exchanges: 4

Investment Highlights

Targeted Returns w/ a 5-Yr Hold
Avg. cash/cash return: 8.25%
Equity Multiple: 1.95x
IRR: 15.86%

sommerset investment highlights 1031 exchange apartments raleigh

Read more about this acquisition in the Triangle Business Journal
 
 
 
All offers and sales of any securities will be made only to Accredited Investors through a Confidential Private Placement Memorandum and any exhibits and attachments thereto (collectively, the “PPM”). This communication is not the PPM, and is not intended nor shall it be construed to be an offer to sell any securities. No PPM will be presented to you unless and until IMG has first been able to validate your status as an Accredited Investor. Prior to subscribing, each investor must receive, read and fully understand the PPM which contains important disclosures, financial assumptions and risk factors, including, but not limited to, those risks set forth in the section of the PPM entitled “Risk Factors”. Each investor must base its decision to invest solely on the PPM, may rely only on the information contained in the PPM and should seek advice based on the investor’s particular circumstances from their own independent advisors. Past performance of IMG-sponsored investments may not be indicative of future results.

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