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
ACTIVE
REDSTONE PLACE
265 46th Street
Pittsburgh, PA
96-unit apartment complex purchased in 2019.
ACTIVE
EMERSON PLACE
245 Benham Street
Groton, CT
72-unit apartment complex purchased in 2021.
ACTIVE
THE CLAREMONT
500 North Quincy Street
Abington, MA
90-unit apartment complex purchased in 2016.
ACTIVE
ROCKRIDGE PLACE
575 Ellsworth Street
Black Rock (Bridgeport), CT
66-unit apartment complex purchased in 2019.
ACTIVE
CENTREPOINTE SQUARE
300 Omnia
Fort Morgan, CO
160 newly constructed townhomes building in 2021-2022
ACTIVE
PARK VIEW COMMONS
101 Park View Ct
Wiggins, CO
A 2 bedroom townhouse apartment building constructed in 2019.
ACTIVE
ROSS COMMONS
200 Roger Williams Avenue
Rumford, RI
7 condominiums purchased in 2014.
ACTIVE
PRATT STREET
6-8 Pratt Street
Providence, RI
Six two bedroom apartments on the East Side of Providence purchased in 2017.
ACTIVE
WHITE PLAINS
184 West Post Road
White Plains, NY
Single family rental property purchased in 2014.
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.