ICG Apartment Portfolio V LLC
26.75% Annual Return Over Eight Years
Located in Kennewick and Olympia, Washington and Boise, Idaho, ICG Apartment Portfolio V LLC lasted eight years, from 2008 to 2016.
It included six projects and 792 units, totaling $39.1 million in total purchase costs with $8 million in investor equity. Investors who committed $100,000 in 2008 received more than $314,000 back in 2016. This included their original capital back, plus approximately 7% per year cash flow added to profits from project sales. Investors earned over 26.75% annual return for eight years, which outperformed ICG’s original expectations