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Investment Summary

JEM Holdings acquired Bella Vista in January of 2014 in an off-market transaction as a value-add investment. Bella Vista is a 250-unit garden style apartment complex located in the bedroom community of Gastonia, NC just 10 miles from Charlotte. During its ownership, JEM enhanced amenities, addressed roof repairs and replacements, repaired water sub-meters, and implemented a unit interior upgrade program resulting in significant revenue growth. The property was sold in January 2017 after 3 years of ownership and generated a gross IRR of 43% (2.75x on investor equity).