Apartment Building Renovation - Part 1
It has been 5 months since we closed on the deal, and we thought it would be good to give a bit of an update on where we stand with the project. Since, we have taken possession of the building, we have started work on 3 units. The first 2 tenants have moved out in March, and the third in April. We expect to have the next 3 units to become available between May and June, which will give us a total of 6 out of the 9 units, to renovate and bring up to market rents. When we were