21 George Newsletter February 2022

“Most people overestimate what they can do in one year and underestimate what they can do in ten years.”

I am a little late getting this out, but as we enter a new year we pause to evaluate our performance over the past year compared to the goals we set for ourselves.  To be honest, we did not accomplish most of our growth-oriented annual goals in 2021, but we did accomplish most of our operational goals by adding value to our current assets and put ourselves in a good position to meet our 3, 5, 10 year goals.  And it is now time to create a new set of goals for 2022…

Acquisitions/Dispositions

We ended 2021 with great momentum by selling two properties and purchasing two properties in Q4 (well one was the beginning of Jan 2022).

We exited a 19-unit in southern New Hampshire after a 6-year hold and a 96-unit in Alabama in under four years.  We are happy to announce that we met or exceeded our return projections on both of these properties!  We are also extremely grateful for our partners and the teams we worked with who played a major role in making these projects successful.

We acquired a 13-unit property in Lebanon, NH in December.  We sourced the deal off-market and acquired it 17% under the appraised value.  This is a market we already own in and this is a great addition to our portfolio in the market.  Here is our LinkedIn Post about the acquisition.

We started the new year by acquiring a vacant residential building in a Class-A location in Baltimore, MD that we will convert to a 15-unit apartment complex.  We were able to acquire this property 9.5% under the ‘as is’ appraised value and under 50% of the ‘as stabilized’ appraised value!  This is our first deal in this market but we are excited about the market fundamentals, and more importantly, our partnership in the area!  Here is our LinkedIn Post about this acquisition. 

We are excited to provide our investors strong passive income while improving both of these properties and providing our tenants clean, safe, enjoyable housing!

We look forward to keeping this momentum going throughout 2022 and are currently analyzing several new opportunities. If you have any interest in learning more about these opportunities, please consider logging into our portal or schedule a call with me. The Portal will give you a first look at future opportunities as well.

About 21 George Investors

21 George Investors is a privately held investment firm focused on income producing multi-family real estate opportunities with value add components in specific US emerging markets.  By leveraging industry expertise we have implemented a proven proprietary system focused on market knowledge, asset analysis, and asset management allowing us to provide high yield passive cash flow and long-term capital appreciation investment opportunities.