Portfolio Transactions
Frontier​ Apartment Homes
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Roanoke, VA
Acquired: December 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.
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Sterlingwood Apartments​
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Roanoke, VA
Acquired: March 2022
YOC: 1973
162 Units
Purchase Price: $15,900,000
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Belmont Landing
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Farmville, VA
Acquired: July 2022
YOC: 2002 - 2003
140 Units
Purchase Price: $21,675,000
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Countryside Estates​
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Roanoke, VA
Acquired: November 2022
YOC: 1971
108 Units
Purchase Price: $10,630,000
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Note: DSP coordinated the acquisition on behalf of its TIC owners and retains the asset management responsibilities.
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The Farrington​
Columbia, South Carolina
Acquired: June 2023
YOC: 1970
158 Units
Purchase Price: Portfolio Acquisition
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Three Rivers Apartments​
Columbia, South Carolina
Acquired: June 2023
YOC: 1974
108 Units
Purchase Price: Portfolio Acquisition​
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Fountains of Edenwood
Columbia, South Carolina
Acquired: June 2023
YOC: 1970
168 Units
Purchase Price: Portfolio Acquisition
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Colonial Court Apartments
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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.
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