More Details

Return Summary

Highlights

  • Fractured condos
  • Unrenovated units
  • Arbitrage

IRR*

20.5%

Equity Multiple*

2.5x

Holding Period

6yrs

* For active deals, IRR and EM return metrics are projected values that are underwritten with realized distributions, projected distributions, and a conservaitve terminal value.

‍

Project Description

Project Timeline

Dec 2018

Targeted 5 fractured condo communities in Bridgeport, CT with the plan to purchase all available units until reaching 100% ownership. Purchased 31 of the 51 units in Dec 2018.

May 2021

Financed against the all-cash owned units in Nob Hill Condominums and distributed $1M to investors.

Dec 2022

Purchased the final unit at North View Condominiums, bringing CRT to 100% ownership of the community.

See in detail

No items found.
No items found.
News

Hear more about CT Realty Trust in the news

See more

Mastering Multifamily and Build-for-Rent Strategies with Bard Kligerman - Co-Founder and CEO of CT Realty Trust

Bard Kligerman is a seasoned real estate developer with over two decades of experience. Co-founding CT Realty Trust (CRT) in 2009 with his father Robert, Bard has led the firm to invest over $220M in a variety of real estate ventrues including single-family communities and multifamily apartments throughout Connecticut.
Read More

How To Successfully Reduce Vacancy Rates, with Bard Kligerman

Bard brings a unique buisness philosophy to his operation. CT Realty Trust is focused on creating clean and safe assets where his residents are happy to live. He's succesfully reduced his vacancy rates, well below the general market, and he has strong, long-standing partnerships with his residents.‍
Read More