Background

The Wilton Arms’ prime location and upside potential fits our business model beautifully. Its placement in the quaint town center is highly desirable. The previous owner of 20+ years had not invested in the building, creating multiple opportunities for us to add value. We purchased the property below its intrinsic values and have already realized significant upside.

Story

The Wilton Arms operates like a different building than when we purchased it. We painted the exterior, landscaped the yards, and restored the common areas. We’ve also renovated all 25 apartments and cut our electric bill by 50% with a lighting efficiency project and by converting heating fuel from oil to gas, all of which help to yield better than expected rent increases.