We are excited to announce that we have SOLD DeRosa Capital 8, one of the value-add multi-family properties we own in North Carolina.
Douglas Square was a 198 unit value-add multi-family complex that we purchased with our investors four years ago.
Located in Fayetteville, NC, this property received $2M in capital improvements and we are proud to say we achieved 8x NOI improvement! We took care of deferred maintenance, added amenities, increased occupancy and reduced expenses while providing a safer and more family-oriented community for our residents.
These improvements in the property itself, in our property management and reducing expenses allowed us to deliver to our investors:
It is with deep gratitude to our investors — without who’s trust and confidence none of this could have been possible — we are proud to bring this investment full circle from initial purchase to final sale.
DeRosa Group talks about Transforming Lives Through Real Estate™ and this sale is one where we hope our investors feel he have helped transform their lives in some small way.
ARE YOU READY TO JOIN US AS AN INVESTOR?
Thank You Again from Matt and the DeRosa Team!
Herve Francois, Matt Faircloth, Justin Fraser and Kevin Dean: