Cedar Trace is a 60-unit apartment building on the outskirts of Jacksonville, Alabama. It was acquired by the original developer/owner and SCIG immediately went to work on the cosmetic rehab of the interior units as well as on the exterior building. Through the improvements and professional management, we have been able to inject significant value to the property. Cedar Trace is one of the only market-rent properties in the area that provide amenities such as a pool and tennis courts, and draws a healthy mix of both students and families. On top of incredible year one tax benefits, the Cedar Trace is already performing well above modeled NOI projections.