BlueSpruce Holdings closed on this 16-door stabilized complex in April 2018. We bought this asset because of its strong cash flow and the ongoing development of the Bridgeport’s Black Rock neighborhood, the most desirable part of the city.

 

Deal profile: Cash flow
Purchase price: $1,200,000
Equity raised: $280,000
Projected COC: 9%

You can download the original investor package here.

Investors received a 2.17% distribution at closing.

Actual Returns on $100,000 investment
April 2018 $2,170
July 2018 $2,000

We publish all results on a quarterly basis, so bookmark this page and check back in a few months.

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DJ has been a serial entrepreneur for over 20 years, founding multiple companies in the software and media industries. He began real estate investing in 2016 and loved it so much that in 2017 he decided to focus on it full time.