BEVERLY HILLS, Calif.--(BUSINESS WIRE)--SouthCorp Capital, Inc. (OTCQB: STHC) announced today that the Company is negotiating the acquisition of a 12-unit apartment building. The Company expects to have the properties rented upon acquisition of the properties. The Company expects the cap rate to be between 20-25%. Capitalization rate (or "cap rate") is the ratio between the net operating income produced by an asset and its capital cost.
About SouthCorp Capital. SouthCorp Capital, Inc. is a Delaware corporation. The Company focus is on the acquisition and renovation of single-family and multi-family properties in the U.S with the intent of reselling the property after renovations have occurred. Our real estate investments are expected to focus properties undervalued and/or in need of some repairs.
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