Active Portfolio
Frontier Apartment Homes
Roanoke, VA
Acquired: December 29, 2020
YOC: 1971
194 Units
Purchase Price: $18,350,000
Note: The Purchase Price and Unit count includes the August 2021 acquisition of White Hall Apartments, a 12-unit apartment community adjacent to Frontier Apartments.
Sterlingwood Apartments
Roanoke, VA
Acquired: March 31, 2022
YOC: 1973
162 Units
Purchase Price: $15,900,000
Sunchase Apartments
Farmville, VA
Acquired: July 29, 2022
YOC: 2002 - 2003
140 Units
Purchase Price: $21,675,000
Countryside Estates
Roanoke, VA
Acquired: November 10, 2022
YOC: 1971
108 Units
Purchase Price: $10,630,000
Note: DSP coordinated the acquisition on behalf of its TIC owners and retains the asset management responsibilities.
Sold Portfolio
Colonial Court Apartments
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
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.