Red Knight Properties

A new report has found Ocala is the second most popular city Americans are moving to in 2024.

Report finds fewer people moving to Florida in 2024 — except to this city A new report has found Ocala is the second most popular city Americans are moving to in 2024.

JUST CLOSED! Pleased to announce Red Knight Properties' disposition of Eastdale Oaks, a 104-unit apartment community in Montgomery, Alabama!

* ~15% Gross IRR (Internal Rate of Return) In 15 Months *

- Initially acquired one hundred & four (104) apartment units in the East Montgomery submarket of Montgomery, Alabama, from a long-term private ownership group and motivated seller in January, 2023

- Nearly doubled in-place apartment rent average with a strategic cosmetic interior & exterior capital improvement plan within fifteen (15) months upon acquisition

- Grew in-place net operating income upon purchase by ~45% within a 15-month investment holding period

- Successfully disposed of the asset within fifteen (15) months; realized a gross investor levered internal rate of return (IRR) of ~15.00%

Thank you for all of our partners, for making this possible and for your unwavering support!

To learn more about future opportunities, join the Red Knight Investor Association by scheduling a call here: https://redknightproperties.com/investwithus/

JUST CLOSED! Pleased to announce Red Knight Properties' acquisition of Village Square, a 67-unit Class B middle market value-add multifamily ‘workforce housing’ opportunity in Ocala, Florida. The acquisition was sourced off-market from a long-term and motivated seller.

The property consists of seven two-story buildings. The buildings are comprised of 23 one-bedroom/one-bathroom units with 769 rentable square feet, 20 two-bedroom/one-bathroom units with 1,002 rentable square feet, eight two-bedroom/one-and-one-half bathroom units with 1,260 rentable square feet and 16 three-bedroom/two-bathroom units with 1,370 rentable square feet. All the units have central air-conditioning and the buildings sit on a 5.31 acre MOL parcel of land. Amenities include on-site laundry facilities, playground and a pool.

Thank you for all of our partners, for making this possible and for your unwavering support!

To learn more about future opportunities, join the Red Knight Investor Association by scheduling a call here: https://redknightproperties.com/investwithus/

https://www.realpage.com/analytics/cincinnati-occupancy-rents-hold-strong/?blaid=5343632

Apartment Fundamentals Hold Strong in Cincinnati While coming down from recent highs, apartment occupancy and rent growth in Cincinnati continue at a solid pace.