Investment Overview
Strategy Description
PROJECT OVERVIEW
Planned project: 12-Story, Mid-Rise Rental Apartment Community
Number of Units: 225 Units
Unit plans: Studio, One Bed / One Bath, Two Bed / Two Bath, 3 Bed / 2 Bath
Residential Area: 18,185 m2/195,750 SF
Commercial Area: 2,044 m2/22,000 SF of ground floor retail + 325.16 m2/3,000 SF of private offices
Site Area: 6,103 m2 (1.5 acres)/ 65,700 SF
Average Unit size: 78.13 m2/ 837 SF
Amenities: Rooftop Pool, Clubroom, Gym, Park, Offices & Kid’s Room
Parking: 3-Level Covered Parking With 323 Parking Spaces
Average Rental Rate (PSF): $2,634 / Month ($3.19/SF)
Total Development Cost: $103M (Equity: $41M + Debt: $62M)
Investment period: 7 years
Minimum Investment: $1,000,000
Stabilized Cash on Cash: 10.34%
Stabilized Return on Cost: 6.62%
Investor 7 year IRR: 19.28% (Net to Investor)
Equity Multiple: 2.38x