Briar Club, Memphis, Tennessee

Successful exit

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Briar Club, Memphis, Tennessee 2017-09-18T16:39:19+00:00

Project Description

Acquisition and renovation of a 272-unit residential complex featuring 2 and 3 bedroom apartments located in a central location.

6355 Briar Patch Ln, Memphis, Tennessee, USA

Year launched

2014

Equity raised

$1,770,000

Expected duration

36 Months

Actual duration

19 Months

Achieved annual return

20.50%

Property investments are illiquid, and past performance is no indication of future success

About the neighborhood

Memphis is the largest city in the state of Tennessee, located in the south west corner of the state alongside the Mississippi river, and adjacent to the states of Arkansas and Mississippi. The city is located in between several highways and railways, thus considered strategic for the country’s transportation industry.

About the developer

Yariv Ben-Sira has vast experience and knowledge of real estate and is the owner of an investment and property management firm. Tom Intrator is CEO of an investment and consulting firm with holdings that include hundreds of multi-family residential units across the U.S. and extensive experience in the real estate investment,  market analysis and business development.

The opportunity

Acquisition and renovation of a 272-unit residential complex featuring 2 and 3 bedroom apartments located in a central location.

Other projects by the developer