Stonebrook Apartments

A value-add acquisition and reposition of a multifamily community in Mebane, North Carolina, executed with a joint venture partner. The transaction reflected disciplined execution of a classic acquisition-rehab thesis: acquire below replacement cost, upgrade units on turnover, push rents, and exit during a favorable disposition window. Stonebrook delivered a 25.3% net IRR and 1.9x net equity multiple in three years.