Trade Winds Real Estate Acquires 94-unit TimberChase Property, Expects Healthy Dividends From Year One

BIRMINGHAM, Ala., June 5, 2015 /PRNewswire/ -- Raising $5.1 million dollars in financing through a combination of debt and private equity, Trade Winds Real Estate has closed on TimberChase, a 94-unit residential property. The property is already at 100% occupancy, making it a stabilized and potentially quite profitable asset. Trade Winds predicts that investors will see an 8% dividend from TimberChase starting in the first year.

"At $5 million, the TimberChase property represents our largest closure to date," remarked Peter Spiro, owner of Trade Winds Real Estate. "Originally, the deal had gone to a competitor, but they were unable to close for some reason; we stepped in and got the deal done."

In keeping with the firm's business plan, Trade Winds has an ambitious list of updates to the TimberChase property, both inside and out. The outdoor pool area will be beautified, while the parking lot will receive new sealing and striping. Trade Winds will add to the property's appeal with new landscaping. Interiors will see new blinds and lighting fixtures in all units, along with new appliances and flooring in select units. Once these improvements are complete, Trade Winds anticipates raising rents to match the restored value of the property.

TimberChase is Trade Winds' third multifamily acquisition in Alabama in the last 18 months, joining Corner Stone and Maplewood. Corner Stone is a 32-unit property in Montgomery that comfortably exceeded financial projections for the most recent quarter; low vacancy and low turnover enabled the firm to pay investors a 10% dividend. Maplewood, a 54-unit property in Hanceville, functions as off-campus housing for Wallace State Community College students. With the usual turnover that happens at the end of semesters, Trade Winds expects to raise rents at Maplewood and deliver even stronger returns to investors. Overall, both existing properties in Alabama have consistently met or exceeded investors' expectations.

Added Spiro: "We've proven repeatedly that we get deals done with professionalism and create attractive opportunities for our investors. The real estate market in the Southeast is particularly hot right now, with multifamily properties ripe with potential for healthy returns."

Today, Trade Winds is actively seeking more investment properties throughout Alabama and the Southeast. The firm relies on local property managers, brokers, and other contacts to uncover new opportunities. Anyone interested in investment opportunities with Trade Winds is encouraged to contact the firm directly.

About Trade Winds Real Estate

Based in Chappaqua, New York, Trade Winds is a private real estate investment firm. Working closely with local contacts, the firm continuously seeks new opportunities. The firm specializes in multifamily residential properties. Trade Winds relies on both debt and private funding to secure deals with strong ROI potential.

Contact:

Peter Spiro, Owner
914 393 3732
Email

SOURCE Trade Winds Real Estate