CU Portfolio Champaign-Urbana

64 unit apartment portfolio spread over 10 multifamily buildings in the heart of downtown Urbana and Champaign, IL. Acquired portfolio under duress from past owner, 20% of units were under eviction, along another 25% vacant units need extensive renovation. Took over property with 55% occupancy on portfolio on a 30 day window with no due diligence. Plan includes renovating approximately 25 units in 9 months, with 100% occupancy projected in 9 months. 100% occupancy projected in June 2023.