All financial statements of property yield are best estimates based on current conditions, and can change at any time.
We are targeting the above equity multiple for investors; however, no assurance can be given that you will obtain any return on investment, and there is a risk that you can lose your entire investment.
This is RealT’s 100th property, and we couldn’t be prouder! 4852-4854 W Cortez is actually two adjacent multi-family buildings — both beautiful brick, both fully rented, and almost entirely Section 8, making the rent exceptionally stable. Cortez requires no up-front renovations, and the cap rate is truly exceptional for a Chicago property, especially one in such excellent condition.
Cortez is special for another reason, too. We purchased Cortez from an owner-operator who was deeply involved in nurturing the property and hand-picking the tenants. He built a close working relationship with the Section 8 authority in Chicago to ensure that his properties were built for long-term tenancy. We intend to build on this foundation of trust and stewardship, while working to enhance an already-attractive return on investment. This property promises enormous opportunity in a stable, beautiful package!