Villas on Fir
Villas on Fir is a 290-unit, class-A apartment property built in 2018 and located in the growing and affluent suburb of Granger, IN (South Bend/Mishawaka MSA).
Property Key Features
Market:
Granger, IN
Number of Units
290
Date Acquired:
12/21/2020
Villas on Fir is a class A trophy real estate asset located in the growing and affluent suburb of Granger, IN (South Bend/Mishawaka MSA), minutes away from the prestigious campus of the University of Notre Dame.
The Villas on Fir offers the best choice in the market for luxury rental living with superior amenities, unit finishes, attached private garages for each unit and superb construction quality. With all the advantages the Villas has over the competition, rents were still below many of the comparable properties in the area upon acquisition.
Autumn Trails
Full-Cycle Project
Net IRR: 22%
Equity Multiple: 1.75x
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