The GSH Group Announces Sale of Foote Hills Property, Achieving Impressive Investor IRR of 15.25%
CLAWSON, Mich., April 9, 2024 /PRNewswire/ -- The GSH Group, one of the nation's fastest-growing multifamily real estate investment companies, is thrilled to announce the successful sale of its Foote Hills property in Grand Rapids, Michigan.
- CLAWSON, Mich., April 9, 2024 /PRNewswire/ -- The GSH Group, one of the nation's fastest-growing multifamily real estate investment companies, is thrilled to announce the successful sale of its Foote Hills property in Grand Rapids, Michigan.
- The sale resulted in an impressive ~18% IRR, while Investors enjoyed a ~10% cash-on-cash yield throughout the holding period of the property.
- GSH acquired the Foote Hills property in March 2020, recognizing the immense potential in the thriving Grand Rapids submarket.
- Gideon Pfeffer, CEO & Managing Partner of The GSH Group, expressed his satisfaction with the successful sale, stating, "The sale of Foote Hills marks a significant milestone for The GSH Group and demonstrates our ability to identify and capitalize on investment opportunities in strong markets.