Little Creek Apartments

Samuel Finkler was able to sell this partially renovated property at a value  that was based solely on proof of concept of renovations leading to rent growth.  The team gathered over 85 signed NDAs in a tertiary market with low transaction  velocity – this is the largest of eight total trades over the past two years in this  market. The property sold at a 6.83% cap rate in a location where investors  typically seek 7%+ cap rate deals. Samuel Finkler facilitated a smooth contract period  and negotiated for a hard contract deposit day one. The price was not re-traded  amidst changing and uncertain market conditions Samuel Finkler received multiple  offers in writing and facilitated a competitive bidding process.