Colonial Court, VA

Acquired: July 6, 2020

YOC: 1945

64 Units

Purchase Price: $3,200,000

Sold: September 14, 2022

Sales Price: $5,150,000

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After 2 years of ownership, DSP was able to reposition and improve this community, adding value for its residents and investors. Our investment in Colonial Court earned our equity investors a 2.89x multiple and an impressive 66% internal rate of return.