Home News Private Equity Real Estate Investment Offering For Multifamily Acquisition With 19% Target IRR

Private Equity Real Estate Investment Offering For Multifamily Acquisition With 19% Target IRR

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The Real Estate Investment platform Cloud street We are hosting a new service in Sunbelt, USA. Parc 410 Apartments is a 344 unit apartment complex located in Leon Valley, Texas, which is part of the San Antonio Submarket. The property has easy access to the 410 motorway, which is passed by more than 200,000 vehicles daily.

The 410 also provides residents with an easy way to become San Antonio’s most prominent employer. Valero Energy (NYSE: VLO), Oracle Corporation (NYSE: ORCL), Merrill Lynch When USAA.. Current owners are experiencing financial distress associated with rising interest rates and are selling real estate off-market. Sponsors can get a Parc 410 for about $ 122,000 per unit. This means that equivalent development can save a significant amount of the current market price of $ 200,000 per unit.

Investment highlights

Park 410 is sponsored by Lind Living.. We aim to raise $ 14,828,299 in investor capital pooled with sponsor capital and existing debt to acquire real estate. Rent for Park 410 is currently below market and LYND is spending $ 5,800,000 to complete postponed maintenance and improve capital. The budget also includes $ 17,000 for each door refurbishment to upgrade the interior of the unit.

The region’s current rental market is demonstrating great power from the rapid growth taking place in nearby San Antonio. Nearly 2,000 new units are online in this West San Antonio submarket, but local occupancy is stable at around 94%. This occupancy remains strong despite rent increases of 15% in 2021 and 2022.

  • Minimum investment: $ 25,000

  • Expected holding period: 3 years

  • Forecast Internal Rate of Return (IRR): 19.4%

  • Expected average annual cash yield: 4.0%

  • Predicted equity multiple: 1.7 times

Interested investors must submit their offer by July 27, 2022 and fund it by July 29, 2022. Distribution is expected to begin in the second quarter of 2023.

Real estate investment products like Parc410 Apartments Benzinga Offering Screener Filter investment opportunities based on criteria.

About project sponsors

LYND is a real estate investment company based in San Antonio, Texas, focused on the commercial development of all types of apartments. LYND has become one of the largest management companies in the United States since it was founded in 1980. We operate 20,000 units in 11 states. Currently, LYND manages approximately $ 1.8 billion worth of assets.

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