Current Offering
CLOSED ON AUGUST 2021
The next deal will be announced whenever it is available for public.
416 Units | Class B Property | – Projected: 80% + 5 Year Return, 8.0%+ Avg Cash Flow
(This is a 506C offering, which means it is open to accredited investors only)
We are very excited to announce that we are under contract to purchase Cedar Run Apartments in Memphis, TN.
- Class B property that has been renovated by the seller in 2019 and looks and feels like class A
- Memphis has a population of 1.3million+ and is growing
- Strong inbound migration pattern into Memphis from across USA
- The average median household income is about 50,000 in the 3-mile radius
Investments Highlights
- Purchase price of $93k/unit (39M) with significant NOI growth opportunity.
- The property is in excellent condition, the previous owner spent 17million $ in renovations.
- 8% + average annual return of cash flow to passive investors.
- 80% + 5 Yr. Total Return to passive investors.
- Cost Segregation will be performed to maximize ROI via tax. advantages of Accelerated & Bonus Depreciation. Significant year 1 tax deductions will be realized by all investors.
- 80/20% Passive/Sponsor split on profit after all investor capital has been returned.
- Minimum investment $50,000 (please note priority will be given to those with higher investment amounts)
This is a 506c offering, accredited investors only
Sponsor Team
- The combined sponsor team has experience managing 3500+ units of properties in Dallas, Boston, and Atlanta
- One of the most experienced sponsor teams, Sridhar, Sathesh, Kapil and Sanjay combined have syndicated/invested in 12,000+ units over 50+ properties in 5 states.
- As a team we have done 8 syndication deals combined and done successful exits which gave 2X for passive investors