Achieving a 35% Value Increase in Four Years: The Palmer Street Case Study
In a strategic move that aligns with our expertise in capitalizing on market conditions, we have completed the sale of 3332 W Palmer St, which has been part of our portfolio since its acquisition in 2019.
Breneman Capital drastically exceeded expectations with this investment. We projected a $3,350,000 sale after ten years of ownership in 2029. After 50 months of ownership, we sold the asset in 2023 for $3,575,000. It was a phenomenal outcome for our investors and a remarkable 35% increase in value in just over four years.
The strategic timing of the sale, amidst market uncertainties and high-interest rates, underscores our commitment to seizing the right opportunities to ensure the best outcomes for our investors. This sale is a testament to Breneman Capital's ability to navigate the ebbs and flows of the real estate market and deliver robust returns.
We would like to express our sincerest gratitude to our dedicated team, whose hard work made this transaction possible, and to our investors, whose trust and partnership have been integral to our success. As we move forward, we remain resolute in our mission to identify and invest in properties that promise significant value creation and align with our disciplined investment criteria.
For a detailed account of the sale and insights into our strategic investment practices, we invite you to read the full article on CoStar. Additionally, you can learn more about this deal and our broader investment strategy by visiting the portfolio page on our website.