The Colerain Avenue Apartments sit in a blossoming area in Camp Washington, just 5 minutes away from downtown Cincinnati. When Prosper Capital acquired the building in 2021, rents were under market, many tenants were delinquent, and major upgrades were required. In just one year, our management team has flipped that story around. Now, all units are rented at market value, tenants are paying on time, and many units have been upgraded. We have partnered with the City of Cincinnati in upgrading HVAC, appliances, windows, and lighting to be more energy efficient, saving both tenants and owners hefty electric and water bills.
Utilizing our in-house management and maintenance team, we were quickly able to produce a community that tenants are happy to live in, while producing even larger profits.
Investing involves risk, including loss of principal. Past performance does not guarantee or indicate future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. While the data we use from third parties is believed to be reliable, we cannot ensure the accuracy or completeness of data provided by investors or other third parties. Neither Prosper Capital nor any of its affiliates provide tax advice and do not represent in any manner that the outcomes described herein will result in any particular tax consequence. Offers to sell, or solicitations of offers to buy, any security can only be made through official offering documents that contain important information about investment objectives, risks, fees and expenses. Prospective investors should consult with a tax or legal adviser before making any investment decision.
