The Wendell, Memphis, TN

Acquisition Rehab of Existing Class C Multi-Family

Acquired through a competitive marketed process, The Wendell underwent a complete gut renovation, stripped to the studs and entirely rebuilt. The transformation involved removing numerous overgrown trees, installing new utility mains, and completely refinishing the interiors. Renovated, leased and sold within 18 months, the project produced an impressive multiple of over 3x, delivering outstanding returns for investors.