Haven at South Mountain was WhiteHaven's second acquisition in the Phoenix MSA. Located in a quickly redeveloping South Mountain neighborhood in South Phoenix. The renovation budget of $1.5M allowed WhiteHaven to increase rents by an average of nearly $400. Whitehaven took over with revenues at $92,000. The income dipped to its lowest point of $82,000 in August 2019, which is normal during the initial clean-up stage. However, between August of 2019 and October of 2020 there was continued growth. In this time WhiteHaven was able to renovate 70% of the unit interiors, and the growth reflects gradual saturation of these renovated units into the rent roll. At the time of disposition, 70% of unit interiors were renovated, which was sufficient to escalate the revenue by a 48%, from $82,000 to $122,000. This increase in income, and therefore value, allowed WhiteHaven to deliver strong returns to investors, with an IRR of 41%.