Tamarind Place Closed

Written By Walid Hasan

Rebel Capital Group is pleased to announce the acquisition of Tamarind Place Apartments, a 57-unit value-add project in Fayetteville, NC. The complex is mid-90’s construction and comprises 2 bedroom, 2.5 bath town homes.

The $3.6 million acquisition was financed with a combination of investor equity and long-term Freddie Mac debt.

For more information on Rebel Capital Group and the Tamarind Place acquisition, please visit our portfolio page.

Rebel Capital is seeking additional projects that meet the following criteria:

  • Value-add multifamily properties with 75+ units

  • Class B and C quality, improvable to Class B+ with light renovations

  • Rents 20%-30% below market

  • Under-performance due to absentee owner or inefficient property management

  • Opportunity to acquire below replacement cost

  • Transaction sizes between $4 million and $15 million

Walid Hasan

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