Case Study: Kensington
In 2018, an affiliate entity of Kentaurus Capital acquired Kensington.
The property was acquired off-market and negotiated directly with the seller. Kentaurus’ renovation team was able to quickly renovate and recapitalize the asset leveraging Fannie Mae’s Conventional program via a supplemental resizing.
ACQUISITION FACTS
Name: Kensington
Address: 8300 Zane Ave N, Brooklyn Park, MN
Units: 171
Acquisition Price (Per Unit): $11,670,000 ($68,245.62)
Acquisition Date: 1/9/2018
Investment Strategy: 2 Year Value Add – 10 Year Time Horizon
Annualized Return Since Inception: 53% IRR since inception
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