Juniper Ridge Townhomes - Offering Memorandum.pdf

Offering Memorandum · filed August 9, 2020 · 40 pages · deal: Juniper Ridge Townhomes
Page 3
Property overview

618 Juniper Street | Knoxville, TN 37919

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Location: Knoxville, Tennessee; suburban submarket

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Page 4
Property description

Product type: garden multi-family, built 2002; class B-

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Page 5
Unit mix

Unit mix: 22 one-bedroom, 32 two-bedroom, 10 three-bedroom; 64 units in total

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Page 9
Market overview

Submarket: suburban Knoxville; commuter suburb with new-household growth above the metro average

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Page 12
Investment highlights

Projected 15.6% levered IRR and a 2.19x equity multiple over a 6-year hold

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On file

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