At the end of 2012, JK Equities, LLC acquired two distressed apartment complexes totaling 286 units in Hampton Roads, Virginia; Timbers Townhomes in Norfolk and Carybrook Townhomes in Hampton (sold in March 2016-seeĀ previous projects). The two properties were acquired by assuming their current debt on a modified basis.

In March 2016, we sold Carybrook for a 45% return on our initial investment.

Ownership still owns an adjacent 4.75 acre development parcel that was part of the original acquisition.