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Investment Summary

JEM Holdings acquired Westchester apartments in September, 2015 as a value-add investment. Constructed in 1972, Westchester is a 160-unit garden style apartment community located in Garner, North Carolina, a submarket of Raleigh located approximately 4.5 miles from downtown. Since purchasing the property, JEM has invested in amenity improvements, installed water sub-meters, renovated the leasing office, improved property signage, and has replaced windows through the property. In July 2017, JEM obtained supplemental financing, returning over 100% of investors’ initial equity in 22 months of ownership.

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