IIP Anderson, LLC is a Core Plus single-purpose entity being formed to acquire a combined 16-unit multifamily property in the Hillcrest neighborhood of the City of San Diego, California.  The total capitalization is $6.25mm.

The Deal Level Internal Rate of Return is estimated to be 14.14%.  The purchase price for the property was $5.57mm and the equity required to close escrow was $2.4mm.