AUSTIN, Texas – December 16, 2021 – Upside Avenue (Multi-Housing Income REIT, Inc.) announced today that its NAV will change from $10.00 per share to $11.47. This change will be effective January 1, 2022. The increase in Net Asset Value per share comes as a result of Casoro Group’s ability to increase net operating income for each of the assets Upside has invested in, thereby creating a significant market premium over book value. Management continues to execute on its value-add program, while also exploring “ground-up development” opportunities to further drive returns for its shareholders.
Although Upside Avenue’s initial offering has ended, the management team is currently working on a new offering that will be available in early 2022. Investors can join the waitlist at https://upsideavenue.com/contact/.