INVESTMENTS

Amhurst Apartments

Erlanger, KY (Cincinnati MSA)

Acquired in March of 2014, Amhurst Apartments is 62 well located in Erlanger, KY. At acquisition, this asset was under managed yet well maintained. We implemented management best practices and optimized performance without a significant capital spend. A refinance occurred in the 4th year of ownership. Including refinance proceeds, capital returned has exceeded 115% in the 4th year of ownership.

Cedar Key Apartments

Summerville, SC (Charleston MSA)

Cedar Key is a well-located 2003 built asset with HOME and LIHTC rent restrictions. Upon rent restriction expiration, the asset will undergo a renovation program. Improvements have been performed for Arbor Square with continued renovations upon unit’s turnover.

Madison Square

Anderson, IN (Indianapolis MSA)

89 units in Anderson, IN (Indianapolis MSA): Well location within its neighborhood Madison Square is a high yield asset with operational upside.

SOLD - Cottages by The Bay   Panama City Beach, FL  This 70 unit complex in Panama City Beach, FL. was an Off-Market transaction sourced via a close broker relationship. The property was held for just over two and half years and realized an IRR at sale of over 27%.

SOLD - Cottages by The Bay

Panama City Beach, FL

This 70 unit complex in Panama City Beach, FL. was an Off-Market transaction sourced via a close broker relationship. The property was held for just over two and half years and realized an IRR at sale of over 27%.

CVS Plaza

Long Island, NY

CVS Plaza represents a retail project with strong cash flows in an attractive growing location.

SOLD - Sunrise Apartment Homes II

Cincinnati, OH

44 unit apartment community purchased in 2013. Investors met return expectations with an exit within 30 months of ownership.

Arbor Square

North Charleston, SC

Utilizing shared staff from Cedar Key, Arbor Square is a market rate project purchased in December of 2017. Well located within its sub-market, this off-market acquisition represented an exciting opportunity to re-brand, renovate, and improve operations.

The Montana

Summerville, SC (Charleston MSA)

This 80 unit acquisition was a rare off market opportunity sourced through a long term property management contact. The Montana was a legacy asset that remained in the developer’s family for 40+ years. All tenants were on month to month leases at takeover significantly below market. A strategic and clearly defined takeover strategy was executed successfully.

SOLD — Townhouses On Hudson

Hastings on Hudson (NY Metro)

The townhouses at 400 Warburton Avenue were Developed and completed in 2015. All four units were pre-sold and investors were out of the investment with a 40% return in 18 months.

SOLD - Westport Townhomes

Covington, KY (Cincinnati MSA)

Westport Townhomes in the Covington KY MSA was a new development project acquired out of bank foreclosure. The project was completed and all units were sold within 36 months of acquisition.

265 Route 202

Somers (Westchester) NY

The former chase retail space represents a compelling project in the excellent location within an established Westchester location. The upside includes the re-leasing of the current vacant space and developing on the 4 plus acre side. The acquisition was executed off-market sourced via DXE’s professional contact network.

SOLD - Sunrise Apartment Homes I

Cincinnati, OH

Purchased from a distressed seller, the twenty unit complex was 20% occupied at purchase. The property underwent a full renovation and lease up. It was held for just over two years with an exit that resulted in a 3.4x equity multiple.

SOLD - Flats at East Atlanta, Ashley Village Townhomes, Pinnacle on Pleasant

Atlanta, GA. Charleston, SC, Cincinnati, OH

DXE has successfully partnered and/or provided equity investments into each of these three projects. Across three projects, totaling over 600 units, each transaction has sold with a return on equity in excess of 20% IRR.