$5.7MM JV INVESTMENT

We are pleased to announce the closing of a $5.7MM Joint Venture

Beachrock has closed a $5.7MM joint venture investment to facilitate a 117 unit "value add" multifamily acquisition. The sponsor and investor were both able understand the underlying value of the asset and the favorable purchase price. Both parties were able to agree on a strategy that will allow them to hold the asset until the impact of the value-add improvements would be able to be realized, after the impact of COVID19 subsides.

BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!