Over the last two years, Aii has been busy managing our portfolio, including the disposition of several assets. We have sold 11 properties in six different entities. Per the table below, these sales generated a gross IRR of 24.5% and a net IRR of 20.5% If we reduce the time frame to 2018 only, we have sold nine properties in four different investment entities; these generated a gross IRR of 22.2% and a net IRR of 19.2%. These exits confirm successful execution of Aii's acquire-transform-realize investment process.
Track Record for Assets Sold in 2017 and 2018 | ||||||||
Asset Name |
Investment Year |
Disposition Date |
Years Held |
Equity Investment |
Total Distributions |
Gross IRR |
Gross MOIC |
Net IRR |
| Vanowen Apartments |
2010 | 6/30/2017 | 7.0 | 900,000 | 2,308,561 | 16% | 2.6x | 12% |
| Barcelona Apartments |
2013 | 6/29/2018 | 4.5 | 3,000,000 | 5,451,463 | 14% | 1.8x | 14% |
| Tulsa 5 Portfolio* |
2014 | 6/29/2018 | 4.2 | 11,000,000 | 26,827,676 | 25% | 2.4x | 22% |
| Takara South Apartments |
2014 | 10/17/2018 | 4.4 | 1,600,000 | 4,684,146 | 28% | 2.9x | 22% |
| Braden Creek/Park Place Apartments |
2014 | 6/29/2018 | 3.7 | 4,350,000 | 7,366,353 | 16% | 1.7x | 14% |
| Parkside Place Apartments |
2014 | 7/11/2017 | 2.7 | 2,150,000 | 7,785,242 | 67% | 3.6x | 51% |
| TOTAL: |
$23,000,000 | $54,423,442 | 24.5% | 2.4x | 20.5% | |||
*Tulsa 5 consists of Canyon Creek Apartments, Sand Dollar on the River Apartments, The Arbors of Southern Hills, Lakewood Park Apartments and Hunter's Creek Apartments.