All Real Estate
Since inception, b7 Properties has purchased 24 properties, 14 of which have been sold and ten of which are currently active. We continue to pursue multi-family acquisitions in the nine states where we currently do business. Investors in our properties have averaged 20%+ internal rates of return (IRR) and annual cash-on-cash yields in excess of 10%.
Active Deals
Sold
SOLD: MAY 2022
THE CHARLESTON
225 Golden Hill Street
Bridgeport, CT
A 50-unit apartment complex purchased in November of 2018 and sold in May of 2022. Investors achieved a 12% IRR and a 1.5X multiple on investment over the 3 1/2 year holding period.
SOLD: APRIL 2021
THE ATWOOD
100 -112 Garden Gate Dr Pittsburgh, PA
36-unit apartment complex acquired in March of 2019 and sold in April of 2020. Generated, for investors, a multiple on investment of 1.7X and a 38% IRR. Yield from cash flow averaged 8.9% over the two year holding period.
SOLD: JANUARY 2021
REED PARK
1450 South Reed Street Lakewood, CO
43-unit apartment complex purchased in January 2016 and sold in January 2021, generating a 2.2x multiple on investment and a 25% IRR for investors. Average yield from cash flow was 15% annually over the five year holding period.
SOLD: NOVEMBER 2020
THOMAS RIDGE
668 Carter Street
New Canaan, CT
Designed and built 6,000 sq. ft. Single family home. Achieved breakeven return on last house in subdivision development.
SOLD: MARCH 2020
WILTON COURT TOWNHOUSES
66 Wilton Avenue
Norwalk, CT
15-unit townhouse apartment complex purchased in 2018.
Sold in March of 2020, achieving a 2.3x multiple on investment and a 49% IRR for investors.
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SOLD: JULY 2017
THE COLONY
One Old Colony Road
Mansfield, MA
48-unit apartment complex purchased in November, 2014. Sold in January of 2017, achieving a 3.0x multiple on investment and a 70% IRR for investors.
SOLD: JULY 2017
THOMAS RIDGE
674 Carter Street
New Canaan, CT
Designed and built 7,500 sq. ft. single family home. Achieved 5% internal rate of return (IRR) in challenging high-end residential real estate market.
SOLD: 2016
THE BARRISTER
1535 Grant Street
Denver, CO
Converted historic commercial building into 29 studio apartments in 2014. Sold in 2016, achieving a 1.9x multiple on investment and a 40% IRR for investors.
SOLD: 2015
THOMAS RIDGE
670 Carter Street
New Canaan, CT
Designed, built and sold, while under construction in 2015, 6,400 sq. ft. home. Achieved IRR of 18%.
SOLD: 2014 (as land)
THOMAS RIDGE
680 Carter Street
New Canaan, CT
Subdivided property and sold 2.4 acre lot to builder/developer, achieving an IRR of 51%.
Note: house in photo built by purchaser of land.
SOLD: 2006
NORTH WILTON
858 North Wilton Road
New Canaan, CT
Designed, built and sold, for $5.9M, 9,300 sq. ft. home. Achieved IRR of 39%.
SOLD: 2004
KINGSWOOD PARK VILLAGE
Kingswood Park Village, #E113
Bridgewater, MA
Renovated, rented and sold two bedroom condominium. Achieved IRR of 11%.
SOLD: 1999
HOLYOKE STREET
15 Holyoke Street, #15
Boston, MA
Converted two-family brownstone into three condominiums. Rented and sold all three, achieving a 14% IRR.