How one private equity firm turned $184.6 million into $321.4 million in just four years

Olive Tree Holdings, a New York-based private equity firm, recently sold eight apartment complexes in metro Atlanta for almost $137 million more than it had paid for them no more than four years earlier, real estate records show.

Nine homicides and dozens of other violent crimes occurred at the complexes under Olive Tree’s ownership. Residents also said the company put off routine maintenance, and records show dozens of complaints to code enforcement about health and safety issues. Nevertheless, the value of each complex rose significantly.

Olive Tree said it spent millions of dollars on renovations during the time it owned the complexes.

Here’s a look at Olive Tree’s transactions. All prices have been rounded. Percentages have been calculated from the actual amounts: