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Del Monte

St. Louis, MO

Del Monte is a 60,000 sq.ft. historic mixed-use building located near Forest Park and the Central West End in St. Louis, MO.  The building is located close to Washington University and major employment centers such as BJC Healthcare, Boeing, etc.  Our operating partner is Oliver Properties; as of September 30, 2020, our preferred equity investment was returned and our ending gross IRR was 15% over a 12.86 month investment period. Our investment enabled a complete internal remodel of the apartment building; prior to remodel Del Monte apartments were 85% leased, and now the property is 100% leased and occupied.

70 Units

10,000 sq. ft. commercial

$8.3M 

Acquisition + Renovation Cost

Preferred Equity

info@ppafmanagement.com   |   314.441.6107

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