Pub. 3 2018 Issue 3

12 www.ctaahq.org HAMILTON POINT INVESTMENTS SELLS CROCKER HOUSE APARTMENTS H amilton Point Investments sold the Crocker House Apartment Building in New London, CT, today, marking the prof itable sale of the third of seven 1031-exchange deals the company has completed. The property was owned by HPI Crocker House DST, a Delaware statutory trust controlled by Hamilton Point Investments. Crocker House, which was acquired by the DST in December 2014, sold for $7,400,000. The DST investors received a net 14.4% internal rate of return and a 1.51x equity multiple over the deal’s 40-month hold period. Co-founder Dave Kelsey noted, “Of the 12 programs HPI has sponsored, six have gone full-cycle, all with net IRRs of 14% to 20% and hold periods of generally around four years. One more DST is expected to go full-cycle next month, also for a mid-teens IRR. Point being, HPI buys, upgrades, improves management, increases revenue and value, and sells. We’re not here to accumulate assets”. “Care at Work” Committed to providing outstanding service and quality to our customers with individual care and compassion. 70 Industrial Park Access Road Middlefield, CT 06455 800-835-0740 | 860-838-5322 | Fax: 860-349-2580 www.unitedcr.com Storm Damage Fire Damage Mold Remediation Water Damage Call Licia Ciotti 203-464-4171 Savol Pools, serving the swimming pool service needs of the apartment industry for over 40 years. 91 Prestige Park Circle East Hartford, CT 860-282-0878 www.SavolPools.com CT Reg. 584241 • SP-1 Lic. 288104 • SP-1 Lic. 288171 • Pump Room Repairs • Leak Detection • Safety Covers • Tile / Coping • Painting • Openings / Closings One Stop Source for All Your Swimming Pool Needs • Pool Chemicals Delivered to Your Door • Offering Certified Pool / Spa Operator R Courses • Leasing / Financing Options Available About Hamilton Point Investments Hamilton Point Investments LLC is a real estate investment company that owns and manages multifamily apartment properties. HPI invests through a series of real estate private-equity investment funds that seek to acquire apartment communities in growing markets at below replacement cost pricing. To date, HPI has completed 65 real estate investments totaling 12,000 units and $1 billion value.