TIMELINE OF FUNDED DEALS
ArborCrowd deal sponsor — Arbor Management Acquisition Company (AMAC) — has acquired over 5,500 multifamily units since it was founded in 2012. AMAC has experience across all types of investment strategies, including stabilized, distressed, value-add and ground-up development opportunities.
Operational efficiencies were implemented post acquisition to improve NOI. Additionally, AMAC received approval and closed the refinance of the acquisition loan with a HUD loan, which provides for a 35 year term at a fixed interest rate of 3.50%. The HUD loan also returned approximately 75% of the invested equity in the transaction.
Initially a five property portfolio, AMAC successfully executed the simultaneous purchase of two of the properties (759 units) and assignment and sale of three of the properties (429 units) to a third party on the day of closing. Since acquisition, AMAC has increased NOI by 50% during the first 24 months and returned in excess of 80% of the invested equity in the transaction.
AMAC in a joint venture with LIVWRK and First Market Properties acquired and redeveloped a 98,000-square-foot warehouse in Brooklyn’s fast growing neighborhood of Red Hook. TESLA Motors was signed as a tenant and recently opened a ground floor showroom and service center in the space.
AMAC was able to complete the off-market acquisition of a large distressed portfolio in a very compressed timeframe. Once acquired, AMAC completed an extensive $10M rehabilitation that increased occupancy from approximately 80% to in excess of 90% and NOI by more than 200%. Since acquisition, the investment has returned more than 3.0x the invested equity.