Today Freshwater Investments closed the sale of Villa Del Prado apartment complex in Mesa, AZ. We are thrilled to announce 85% cumulative return to our investors over the 32-month holding period. The earnings came out higher than original conservative forecasts, and nothing makes us happier than delivering value to our loyal investor community. We timed the sale just right to execute 1031 exchange and reinvest proceeds into the next project. Perfect way to end the year! Happy Holidays to all!
Villa Del Prado at acquisition
Villa Del Prado at the time of sale