Broadway Heights
Des Moines, Iowa
Acquired March 2022
Broadway Heights Consists of 120 Class B units with opportunity for a light value add and natural rent growth.
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The debt is fixed at 3.5% for 10 years
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Purchase Price: $13,500,000
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Total Equity: $4,908,927
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Target Hold: 5 Years
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Projected IRR 14.5%
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Projected Average Cash on Cash 7.0%
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Projected Average Annual Return 17.3%
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Projected Equity Multiple 1.87x
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Preferred Return: 7%
The Olympus
Minneapolis, Minnesota
Acquired November 2022
The Olympus Fund consists of 123 units spread across 7 buildings within 2 miles of each other - which were purchased in 3 individual transactions.
Thanks to a strong professional relationship with the seller (who we’ve previously purchased five buildings from), we had the opportunity to acquire 7 phenomenal buildings at a purchase price ~15% below market. Because these are situated in such a highly desirable area, every building (with the exception of one) is 100% occupied at rental rates roughly 20% below market.
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Purchase Price: $17,140,000
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Total Equity $6,500,000
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Target Hold Period 5 Years
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Projected IRR 16%
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Projected Average Cash on Cash 5.4%
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Projected Average Annual Return 21%
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Projected Equity Multiple 2.04x
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Preferred Return: 7%
“ Three Keys Investments went way beyond to make sure we were well informed! As a brand new investor in this space Julie Holly and her team were incredible to work with! Excited to be partners with this amazing crew!”
- Mike Vick
"Three Keys Investments has been a pleasure to work with. Their knowledge and experience in commercial real estate allows them to offer excellent investment opportunities."
- Jon & Kim Clark
“Working with Three Keys Investments has been a joy. They make the investing process simple with clear communications and frequent updates to investors.”
- Roschelle McCoy
The Peach Atlanta
Atlanta, Georgia
Acquired October 2021
68 luxury multifamily residences
The Peach is an iconic 12-story building recognized by the giant metal peach that sits atop it. The former office building is in the process of being converted to a 68-unit luxury apartment residence. Nine of the twelve stories have fully renovated.
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Purchase Price: $
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Total Equity: $
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Target Hold: 1-2 Years
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Projected IRR 16%
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Projected Average Cash on Cash 8.0%
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Projected Average Annual Return 17.3%
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Projected Equity Multiple 1.87x
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Preferred Return: 7%
Vestmill
Des Moines, Iowa
Acquired March 2022
Commercial Multifamily Construction
Winston Salem, North Carolina
184 Class A Multifamily Units
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Investor Equity: $8,725,128
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Projected Value at Completion & Stabilization: $56,000,000
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Total Equity: $4,908,927
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Target Hold: 3-5 Years
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Projected IRR 29%
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Projected Average Cash on Cash 15.0%
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Projected Equity Multiple 2.21x
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Preferred Return: 8%
