Prairie Meadow Apartment Homes
NOTE ACQUISITION AT ~34¢ ON THE DOLLAR — RealSource Residential is sponsoring the acquisition of a distressed mortgage note secured by Prairie Meadow Apartment Homes, a 14-unit, 84-suite workforce housing property in Watford City, North Dakota, at the heart of the Bakken energy corridor. The note is being acquired well below its original $4.275M basis, and RealSource expects to take title to the property via a consensual deed in lieu of foreclosure.
The property has undergone a dramatic operational turnaround—from an operating loss in 2023 to $181,344 in NOI in 2025—and is now 93%+ occupied by corporate energy-sector tenants. Investors can choose a 9.0% fixed preferred return or a participating structure targeting a ~20.6% projected 5-year IRR, with a $50,000 minimum investment.
Summerwood Cove Recapitalization
22%+ IRR OPPORTUNITY — a targeted recapitalization of an established, appreciated asset. Original investors have realized well over 300% returns to date, and a targeted CapEx plan with a new local property management team is in place to reduce costs and grow NOI.
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