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Exciting news to close out the year!

CalTier Fund 1 is under contract for its latest direct acquisition: a beautiful 45-unit portfolio collection of 3 buildings of apartment homes in the highly sought-after Woodley Park neighborhood of Washington, District of Columbia.
Cortland, Washington DC, 45 UNITS

Our acquisition team has been working on this deal for months and we are excited to now have it under contract. It has been maintained exceptionally well and is in a very desirable area with high barriers to entry. The neighborhood is ranked among the top ten best areas to live in Washington, DC. due to its great schools and access to many cultural and lifestyle amenities*.

However, our team has identified areas where we think improvements can be made.

Business Plan:

  • Improve management efficiencies
  • Light renovation
  • Increase rental rates to market levels
  • Reposition debt
  • Potentially add additional units to the bottom floor and consolidate smaller units into larger, high-value apartments

More to come as this acquisition progresses!

The CalTier Team

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