Baricelli Apartments was a joint venture with M. Panzica Development and City Six Development for the construction of a new building with 44 apartment units and the renovation and conversion of the former Baricelli Inn to provide 7 apartment units.

Location: Little Italy, Cleveland

Type: Multi-family

Total SF: 95,000

Total Units: 51

Project Vintage: 2020

Project Cost: $18,600,000

Investment Exit: Active

Cash on Cash Yield:

14 percent