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Property
Description

Prime opportunity to create an institutional development in an underserved and transient market.  The location benefited from its close proximity to a major military base.  Enterprise Zone grant recipient and located in an Opportunity Zone.

Fort Greg-Adams is a United States Army post and headquarters of the United States Army Combined Arms Support Command (CASCOM)/ Sustainment Center of Excellence (SCoE), the U.S. Army Quartermaster School, the U.S. Army Ordnance School, the U.S. Army Transportation School, the Army Sustainment University (ALU), Defense Contract Management Agency (DCMA), and the U.S. Defense Commissary Agency (DeCA).

The military base benefited from the BRAC (Base Realignment and Closure) and continues to expand.  The daily population of the base exceeds 29,000 and includes members from all branches of the military service, their families, government civilians and contractors. Furthermore, as many as 70,000 troops will pass through Fort Gregg-Adams’s classrooms each year, making it the third largest training site in the Army.

Details

  • IRR (Ulevered) 18.76%
  • Equity Multiple 19.66x
  • Status Sold to a Publicly Traded REI