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Investment Summary

JEM Holdings acquired Hanover Landing apartments in July, 2014 as an opportunistic investment. Constructed in 1972, Hanover Landing is a 192-unit garden style apartment complex located in a growing area of Charlotte, NC. Since purchasing the property, JEM has invested in amenity improvements, exterior enhancements, partial roof replacement, parking lot repairs, and interior unit upgrades. In September 2015, JEM was able to refinance the existing floating rate debt into permanent financing and return 1.87x on investors’ initial equity in 15 months of ownership.

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