In April 2018, Principals of SHIR Capital announced the sale of Terrain apartments in Pittsburgh, Pennsylvania for $13.7 million, yielding a 41.7% IRR to our investors. Principals of SHIR acquired this 153-unit apartment complex in the December of 2015 for $6.1 million. After purchase, extensive exterior and interior renovation of the entire complex was performed and included:
- New fitness center, leasing office and business center
- New landscaping and Pool area
- Newly installed dog park
- New Paint
- Resurfaced cabinets and countertops
- Upgrades to fixtures, appliances, and bathroom plumbing
- LED Lighting and other safety improvements for residents
For more information about our Project Portfolio and becoming an investor in upcoming projects, please contact us at:
info@shircapital.com