Sunrise Place

Exited

Property Information

Lawrence, Kansas
64 Units
Built in 1983

Description

Sunrise Place is located off primary traffic ways in a strong Tier 3 market. We implemented significant improvements to the property including major landscape, hardscape, concrete, and pool upgrades. Our interior improvements included new paint, flooring, stainless steel appliances, and the implementation of an environmentally friendly water conservation program that greatly reduced the resident’s water bills.

After the implementation of these programs and the corresponding increase in NOI, we exited the property providing investors with returns above our initial projections.