Case Study: the sponsor for Stonegrove Fall Creek achieves strong real estate investment returns with EquityMultiple

The Sponsor for Stonegrove Fall Creek achieves 117% net IRR with EquityMultiple

EquityMultiple worked with the sponsor for Stonegrove Fall Creek on a core plus common equity investment to reposition a 322-unit multifamily property in Houston. The challenge was to increase the property's value through pushing rents and improving operational economics over a projected three-year term.

The EquityMultiple team collaborated closely with the sponsor, helping to increase the preferred return hurdle rate for its investors. The solution was executed so successfully that the property was sold to a 1031 buyer just 14 months later for 49% more than its original purchase price. This early exit resulted in a net realized IRR of 117% and a 2.5x net equity multiple for EquityMultiple investors, far exceeding the initial return targets.