Current Holdings

HAPGOOD CAPITAL offers CRE investment opportunities to Accredit Investors. Our unique investment offerings enable our investors to increase the returns on their investment portfolio while providing them with greater diversification and reduced exposure to volatile securities markets. The properties below represent our current holdings. Future acquisitions will target larger commercial buildings, and we expect to dispose of the remaining residential properties by the end of 2024.

Description: 4400 SF professional office building, five office suites.

Location: 747 Timber Creek Dr, Cordova, TN 38018

Submarket: Northeast Memphis (South Cordova)

Type: Professional Office Building (built in 1995)

Class: C

Investment Strategy: Value-Add

Improvements: Landscaping, parking lot, two new HVAC systems, re-painted exterior, two office suite renovations, and roof replacement (scheduled 2022.)

Acquisition: November 30, 2017

Projected Disposition: 2022-2023

Gross Rent: $5,650 (income-stabilized)

Projected IRR: 16.7%

Description: 6000 SF professional/medical office building, four office suites

Location: 6500 Stage Rd, Bartlett, TN 38134

Submarket: North Memphis (City of Bartlett)

Type: Professional/Medical Office Building (built in 1987)

Class: B

Investment Strategy: Value-Add

Improvements: Landscaping, parking lot, two new HVAC systems, re-painted common areas, two office suite renovations, and seven window replacements.

Acquisition: June 21, 2019

Projected Disposition: 2023-2024

Gross Rent: $8,100 (income-stabilized)

Projected IRR: 15.3%

Residential Portfolio

Acquisition: Acquired 33 Memphis rental houses from 2013-2017.

Historical Returns: Our investors have realized average annualized returns of 7.4% derived from monthly cash distributions.

Disposition: Disposed of 15 properties from 2018-2021 (realized average price appreciation of 50%.)

Projected Disposition: Plan to sell the remaining properties by the end of 2024 (expect to realize 150-200% price appreciation.)

Projected IRR: The projected IRR for the entire portfolio is 12.1%, on an unlevered basis.

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