Rivers Edge Apartments represents Tusk Equity Partners’ strong market knowledge and ability to acquire from a position of strength. Having established a strong market presence, with a varied network, Tusk Equity Partners was able to close this Purchase at a significant value.
Rivers Edge was purchased in January 2019 from an out-of-state Seller reducing its multi-family holdings. The Property was purchased in good condition, with a favorable market. Tusk Equity Partners has made broad improvements to the Property, with a focus on common amenities.
Since purchase, Rivers Edge has provided strong cash-on-cash returns. With a steady income and efficient allocation of resources, the property has continued to improve its performance. With a valuation already significantly above purchase price, the property is well-positioned to continue to provide strong returns on investment.