Projected Investor Level IRR: 16.3%
Projected Investor Level EM: 1.8x
Latitude at West Ashley consists of 312 one-, two-, and three-bedroom apartment units averaging 954-square feet. The property is 72% classic units providing a mostly blank canvas for Trion to implement high-end interior renovations in addition to exterior improvements.
The community is comprised of 22 two-story wood-framed buildings, as well as a pool deck with BBQ grills and cabanas, a fitness center, and on-site laundry facilities. Approximately half of the units are townhome style.
The Property is well located on the east side of the West Ashley submarket, less than a 10-minute drive from downtown Charleston and the Charleston airport; the two largest employment centers in the MSA. West Ashley is one of the fastest-growing submarkets in Charleston.
No. of Units 312
Hold Period 4 years