Emerson Multi-Family Equity Investment
Polaris Investments has acquired yet another multi-family compound in Gastonia in the surroundings of Charlotte, NC. The investment opportunity was made possible thanks to Polaris Investments exclusive partnership on-the-ground. The real estate asset is composed of 14 units which require some renovation works. Polaris Investments sees good value in the property as the asset will soon generate rental income at an healthy capitalisation rate. The holding period for this investment is expected to be short-lived as the strategy is to exit after stabilisation within 12 months.
Investment successfully exited in April 2021.