Portofino

Asset Address: 3901 Michael Blvd.

City: Mobile

State: AL

Asset Type: Multifamily

Untes: 338

Year Built: 1970

Acquisition Date: 7/28/2017

Acquisition Price: $19,450,000.00

Deposition Price: $36,250,000.00

Date Sold: 1/31/2022

IRR or Equity Multiple:
14.79% IRR

Debt Amount: $14,650,000.00

Equity Amount: $4,800,000.00

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