Founders Grove Insights

January 2019 Founders Grove Capital Newsletter

written by Ryan Cox

January 2019 Founders Grove Capital Newsletter
We are pleased to announce that we received and accepted an offer to purchase Esencia which was purchased in December 2016. We are under contract at a sales price that will result in a 24.8% IRR and an annualized cash-on-cash return of 21.4%.  This is the second deal that we have taken full cycle and have over performed against our investment proforma.
Founders Grove Capital is focused on acquiring the best, most promising multifamily investment opportunities in Texas, Arizona and Florida. The demand for multifamily investments is as competitive as it’s ever been and rightly so, thanks to tremendous population growth and new job creation in the markets we are focused on acquisition.   We will continue to seek out the very best opportunities leveraging our institutional relationships with owners and brokers.