Alex Mickle, broker and owner of AVM Properties, located and negotiated the purchase of each of these properties. He holds 100% ownership in most of these investments and has investment partners on the others. All of Alex’s partners started as clients at some point. After the acquisitions Alex managed the renovations and re-leasing of each project adding tremendous value and rental upside. Each one of these projects was purchased under market value followed by major cosmetic upgrades to increase the rental desirability. Almost all of the properties were purchased using maximum leverage through bank loans and/or seller financing and provide double digit cash-on-cash returns. The estimated internal rate of return is expected to be well above 20% once the properties are sold in the future.