Property update: Apartment acquisition at Brigham Young University
The project is expected to generate an annualized return of roughly 15.1%, net IRR, by CalTier Fund I LP partners. Disclaimer: The realized return on an individual project may vary significantly from your portfolio-level return as a CalTier investor. The CalTier Fund investment in the 194-unit, 1,156-bed student housing complex at Brigham Young University officially closed in late March 2021. The property was sourced off-market through a proprietary relationship with the owner. This property, located adjacent to the 36,000+ student campus, provides students with great amenities and a positive living environment. With extensive renovations, CalTier's partners will raise rents to ...
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