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Properties

Cedar Valley
CEDAR VALLEY
COLUMBIA, MD


 
Description

Investment Date: April 1994

Investment Cost: $6.5 Million

Improvement Cost: $1.0 Million

Sale Price: $7.1 Million

Sale Date: July 1998

IRR: -2.5%
The property is a 156 unit apartment complex located in Columbia, Maryland. It is situated between Baltimore and Washington and draws tenants from both markets.

Strategy

The property was purchased with a stabilized cash flow. Units were renovated to improve operations and increase value.

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