Westhaven at Vinings
Esterad Bank and its investors own a 90 per cent interest in the WestHaven at Vinings property in Atlanta, Georgia, USA. The property is a garden and town home-style apartment community located 12 miles northwest of downtown Atlanta. It comprises 610 units built to a grade ‘A’ standard, with a superior amenity package. The property has been paying investors quarterly distributions in line with the expected annual cash return of 8.5 per cent. This exit generated a return on investment of 56 per cent, and provided investors with an internal rate of return of 11 per cent for over the five-year holding period.
- Asset Class:
- Real Estate - Income-yielding
- Industry:
- Real Estate
- Country:
- USA
- Project Status:
- Exited