After an investment period of 5 years and committing $3.5 million towards repairs and upgrades the property was sold for over $16.5 million, increasing its occupancy up from 55% to 88%, and the NOI from less than $500,000 annually to over $950,000 at the time of the sale. Since our lender provided the financing for a little more than half of the purchase and for all of the new improvements, our investors were able to slightly better than double their investment in just under 5 years, achieving a 17% annualized return overall.