JVEP Build-to-Suit II, LLC provided 90% of the equity required for the development of a 100% pre-leased Educational Child Care facility located in Westfield, Indiana. Construction was complete in May 2021. The property was marketed for sale at the end of 2021 and sold in March 2022. Proceeds from the sale beat original proforma expectations.
Investment Date: 7/31/2020
Hold Period: 21 months
Investor Return: 27%/1.75x’s multiple
* Past performance is not a guarantee of future results