Case Study

Value Add Multifamily Repositioning

Woods Edge Apartments
Asheville, North Carolina

Year Acquired
Year Sold
Number of Units
Hold Period
4 Years


Buligo Capital Partners acquired a stabilized asset with value added potential. Buligo seized the opportunity to raise below market rents immediately, as well as address deferred maintenance and upgrade units and amenities to reposition the property.


The Property is strategically located near major throughways, and is proximate to downtown Asheville. The Asheville topography inhibits new construction, providing for high barriers of entry in this growing market.


The acquisition provided the unique opportunity to leverage the property’s existing cash flow while addressing deferred maintenance and upgrading units and amenities. The property was seamlessly repositioned, increasing rents globally at the property.