Blue Lake Capital Seizes Opportunity with the Sale of Element 41; Investors Net Equity Multiple of 1.80x in Just 19 Months' Time
Blue Lake Capital is pleased to announce the successful sale of Element 41, an Atlanta MSA 494-unit multifamily property. Under the management of Blue Lake Capital, and in Co-Sponsorship with Vive Funds, Element 41 provided investors an average range of 7% - 9% cash-on-cash throughout the holding period and then catapulted to a significant gain of ~45% IRR net upon exit. The property is located at 991 Wylie Rd, Marietta, GA 30067.
"It was absolutely a team effort, and I'm proud of how we were able to navigate this investment, bought in the early times of the pandemic, to a tremendous win for investors in just 19 months' time," said Ellie Perlman, CEO. The property, which features ideal pandemic amenities including a large pool, tennis courts, bocce ball court, soccer field, and expansive walking trails amongst other items in high demand throughout the lockdown era, did not disappoint. "In real estate investing, timing is everything. By recognizing opportunity at a time during the pandemic when many others were pausing in the market, Blue Lake was able to create a significant win for our investors. It's all about understanding how to measure risk at the right time and with the right assets."
A defining factor in this strategy is found in utilizing machine learning/artificial intelligence throughout the course of all acquisitions. This advanced technology enables the company to produce accurate and data-driven forecasting for all assets on a market, property, and even tenant basis. In doing so, Blue Lake Capital is able to lead commercial investments with the full capabilities of today's technology.
About Blue Lake Capital, LLC:
Blue Lake Capital was founded by Ellie Perlman, a former real estate lawyer and property manager. The Company's core principles are to Be Bold, Strive for Excellence, and to do so with Relentless Hustle, Heart, and Humbleness. Blue Lake Capital strives to set new, higher standards for serving investors, and thus redefine what real estate investing is all about: collective wealth building and success, leading investors to live an extraordinary life.
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