Case Studies

Portfolio case studies highlight a consistent increase in equity overshort periods of time through Emerald’s strategic value-add opportunities

Emerald’s performance case studies indicate the dramatic revenue increases achieved through strategic repositioning

Emerald’s sales case studies highlight the rapid increases inproperty value realized through its revitalize-and-sell portfolio

Grand Ave Portfolio
Bronx, NY

Units
UNITS

105

Residential
Rental
ACQUIRED

2013

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PURCHASE
PRICE

$10.7MM

$102,000 P/U
SOLD

2015

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SALE PRICE

$17.5MM

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HIGHLIGHT

Multiplied equity 3x
over two years

Bronx 1000 Portfolio

Units
UNITS

983

Residential Rental
ACQUIRED

March
2016

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PURCHASE
PRICE

$140MM

$142,421 P/U
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HIGHLIGHT

Increased revenues by 40% in the first 16 months. Refinanced in August of 2017 with a $140MM loan.

Continental Portfolio
Bronx, NY

Units
UNITS

239

Residential
Rental
ACQUIRED

October
2015

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PURCHASE
PRICE

$36MM

$150,625 P/U
SOLD

April
2016

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SALE PRICE

$43.8MM

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HIGHLIGHT

Returned to
shareholders a 36% IRR

Fordham Portfolio
Bronx, NY

Units
UNITS

77

Residential
4 Buildings
ACQUIRED

July
2015

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PURCHASE
PRICE

$10.8MM

$140,260 P/U
SOLD

Jan.
2017

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SALE PRICE

$16.675MM

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HIGHLIGHT

Increased value by
60% in 18 months

East Side 46 Portfolio
New York, NY

Units
UNITS

1,130

Residential
Units
UNITS

51

Retail
ACQUIRED

December
2016

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PURCHASE
PRICE

$357MM

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HIGHLIGHT

Doubled NOI in the first year,
by repositioning close to 500 units

Dec – Hull - 209
Bronx, NY

Units
UNITS

44

Residential
3 buildings
ACQUIRED

March
2014

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PURCHASE
PRICE

$5.5MM

$125,000 P/U
APPRAISED

8.4MM

October 2016
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HIGHLIGHT

Increased revenues by
75% over 2.5 years

Decatur Avenue
Bronx, NY

Units
UNITS

60

Residential
3 Buildings
ACQUIRED

May
2013

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PURCHASE
PRICE

$7.5MM

$125,000 P/U
SOLD

Nov.
2017

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SALE PRICE

$11.1MM

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HIGHLIGHT

Returned to
shareholders a 40% IRR

3346 Hull Avenue
Bronx, NY

Units
UNITS

48

Residential
Rental
ACQUIRED

March
2015

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PURCHASE
PRICE

$6.2MM

$129,166 P/U
SOLD

8.6MM

December 2015
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HIGHLIGHT

Increased value by
30% over 9 months

24 West 174th Street
Bronx, NY

Units
UNITS

10

Residential
Rental
ACQUIRED

October
2011

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PURCHASE
PRICE

$600,000

$60,000 P/U
SOLD

June
2017

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SALE PRICE

$1.5MM

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HIGHLIGHT

Multiplied equity
4X over six years

219 Echo Place,
Bronx, NY

Units
UNITS

31

Residential
ACQUIRED

Oct.
2014

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PURCHASE
PRICE

$3.1MM

$100,000 P/U
SOLD

Dec.
2016

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SALE PRICE

$4.9MM

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HIGHLIGHT

Multiplied equity 2X
over two years

2454 Webb Avenue
Bronx, NY

Units
UNITS

36

Residential
ACQUIRED

Nov.
2014

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PURCHASE
PRICE

$3.6MM

$105,555 P/U
SOLD

May
2015

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SALE PRICE

$5.1MM

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HIGHLIGHT

Increased value
by 50% in 6 month