Axiom News

Location: Moline, IL

Asset Type: Apts

Apartment Units: Pine Ridge- 21, River Oaks- 42

 

Completed workout of nonperforming asset over a 36 month period. Increased occupancy from 29% to a stabilized 95+%. The property has provided distributions in excess of preferred return. During the current year, distributions have exceeded 12% cash return to invested capital.