Langdon Square (26 units) and Briskwood Place (15 units) are two properties totaling 41 units in Roanoke, Virginia. Both were well located but leased well below market under conservative, hands-off ownership.

The properties were repositioned with interior and exterior upgrades, using a professional property manager, and investing in marketing.

Briskwood was sold in August 2024 for about 151% of its purchase price. Langdon was refinanced in June 2025.

Between quarterly dividends, the Briskwood sale, and refinancing Langdon, the investment has generated a ~1.5x MOIC to date, with additional upside still to come from an eventual sale of Langdon.

Gross MOIC ~1.5x to date · Gross IRR ~25% to date

Co-led by Tucker Thompson through Sweetbay Capital. Figures are gross and reflect Tucker's personal track record, not deals executed by Tack Capital.