771-781 Sheppard Avenue comprises 13 apartment units located in Norfolk, Virginia. In 2017, this Project was purchased by Mr. Capron individually for approximately $910,000. The main “value add” strategy employed for this Project has been renovating the interior quality of units, upgrading or replacing structural items like the roof, and raising renovated unit rents to market value. Mr. Capron recently received a letter of intent to purchase the Project for $1,000,000. Mr. Capron has not yet decided whether to accept the offer.