ICG Apartment Portfolio I LLC
27.5% IRR Over Nine Years
ICG Apartment Portfolio I LLC was assembled in 2006 as a five-project portfolio with two projects in Spokane, Washington, two in Boise, Idaho, and one in Coeur d’Alene, Idaho.
Three of the projects were sold after 18 months and investors received 100% of their capital back, plus an additional profit at that time. The remaining projects cash-flowed while the investors had no capital left in the investment. The fourth project was sold in 2012 and the final project was sold in 2016. For each original $100,000 in capital, investors received their $100,000 back in the first 18 months, plus an additional approximately $113,200 over the life of the portfolio. Investors earned over 27.5% IRR over nine years.