Essex Avenue
These two buildings were purchased as a distressed sale. The Seller brought more cash to the closing table to get rid of the properties than we did to buy them (ouch). The Seller had simply borrowed too much against the buildings and was facing high negative cash-flow. Both buildings were facing neglect and above average vacancy. We took over operation of the buildings and started the renovation work right away.
These properties are going to be great living spaces when we're finished with the renovations. They will also be excellent performing properties.
These properties are going to be great living spaces when we're finished with the renovations. They will also be excellent performing properties.
7927 Essex October 29, 2012                   7927 Essex July 24, 2012     7927 Essex Before    |
7943 Essex December 4, 2012       7945 Essex Sept 6, 2012    7945 Essex August 12, 2012 7945 Essex Before    |