Monument Opportunity Fund III
Monument Capital Management launched Monument Opportunity Fund III (MOFIII) in September 2015 and successfully added 11 properties, totaling 2,400 units, with $129 million in total assets. The Fund entered new markets in Kentucky and Arizona and revisited successful markets in South Carolina which experienced significant job creation.
Representative states include South Carolina, Georgia, Arizona, Kentucky and Texas.
Fund Properties
St. Andrews Apartments – 224 Units
Location: Columbia, SC
Purchase Amount: $9,800,000
Peachtree Place – 240 Units
Location: Columbia, SC
Purchase Amount: $9,100,000
Legacy of Athens – 239 Units
Location: Athens, GA
Purchase Amount: $13,450,000
Park Square – 96 Units
Location: Spartanburg, SC
Purchase Amount: $5,200,000
Park West – 359 Units
Location: Greenville, SC
Purchase Amount: $16,750,000
Magnolia Townhomes – 98 Units
Location: Spartanburg, SC
Purchase Amount: $5,500,000
Casa Bellisima – 276 Units
Location: Glendale, AZ
Purchase Amount: $13,500,000
Brookwood Apartments – 272 Units
Location: Tucson, AZ
Purchase Amount: $13,000,000
Pinebrook – 208 Units
Location: Lexington, KY
Purchase Amount: $12,750,000
Plantation Flats – 226 Units
Location: N. Charleston, SC
Purchase Amount: $22,600,000
Timber Run – 120 Units
Location: Houston, TX
Purchase Amount: $7,050,000