Page 5 - LPC Packet
P. 5
Targeted Projects
• 6 Projects
» 505 Units
» 4 Submarkets
» 4 Product Lines, including 1 MF (Rental project) » Priced from low $200’s to $1.5M+
• Equity Investment $51M (Current + Targeted (9+1)) » 5-Year Payback
» $32M Peak Equity
• Return (Current + Targeted (9+1))
» $39M Pro t
-$25M paid to VTC
» 32% Portfolio IRR
