The Biscayne Apartments was purchased by Tusk Equity Partners in June 2018. The asset represented a significant value-add opportunity in a growing market, with underperforming financials and occupancy rates.
Tusk Equity Partners pursued a value-add and lease-up approach strategy. Leveraging relationships with nonprofits and governmental agencies, it secured government-sponsored tenancies to improve the occupancy. A variety of exterior and common amenity Adding the Property to its growing Atlanta MSA portfolio, Tusk Equity Partners was able to make broad improvements to rapidly improve the Property and the units. Undertaking a full exterior repainting, and a revamping of appliances for the units, Tusk Equity Partners was able to drive revenues and improve the performance of the asset.