The sale of the Self Storage I Portfolio, with assets distributed across the southeastern region of the US and investments from Ativore clients, generated an annualized Internal Rate of Return (IRR), in dollars, of 24.3%, which was higher than the originally forecast 15%, and an Equity Multiple of 2x.
Since it began in 2017, US$ 23 million was invested in 13 self-storage units, all strategically acquired in excellent locations. The results of the assets were also optimized by the success of the operator’s improvement works, involving external refurbishments and improvements to the management of the properties through the implementation of specifically-designed advanced technology. The result was a 7.9% average annual dividend in dollars, distributed over the course of the project, and a sale involving appreciation of 74%, for US$ 40 million, taking advantage of the exceptional moment in the market conditions.
* Profitability and sensitivity to moderate economic cycles.
A multifamily residential complex located in Haverhill, MA.
Acquisition (2020)
USD 29MM
Sale (2022)
USD 40MM
% of Appreciation
37.9%
Internal Rate of Return (IRR)
34.4% p.a.
Annual Average Dividends
6.2% p.a.
A Class A operational office complex in San Francisco, CA.
Acquisition (2020)
USD 134MM
Sale (2022)
USD 182MM
% of Appreciation
35.9%
Internal Rate of Return (IRR)
25.9% p.a.
Annual Average Dividends
7.2% p.a.
A multifamily residential complex located in Arvada, Colorado.
Acquisition (2019)
USD 18.7MM
Sale (2023)
USD 26.9MM
% of Appreciation
43.6%
Internal Rate of Return (IRR)
47% p.a.
Annual Average Dividends
8% p.a.
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