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Icon on Broadway

Actively Raising

Overview

Investment Highlights

  • Well-located Class B workforce housing community with strong in-place demand
  • Off-market acquisition at a basis 50%+ below replacement cost
  • Projected 16% IRR and 2.0x equity multiple
  • Projected 90%+/- bonus depreciation in year one (subject to individual tax situations)
  • Conservative underwriting that does not rely on aggressive rent growth (0% rent growth assumed for year 1)
  • ~6% cash flow day 1

Market Expertise

  • We focus on a select few markets, allowing us to develop deep expertise and prioritize quality over quantity in our investments
  • We currently own and operate 9 properties and 4 full cycle exits in Arizona that far exceeded projections
  • We have strong relationships with the local brokers and lenders cultivated over many years of successful executions
  • We have accumulated thousands of data points in the Southwest to be experts in those markets

Accepted Investors

Accredited

Raise Close Date

4/24/2025

Regulation Type

506C

Deal Type

Syndication

Asset Location(s)

Arizona

Asset Class(es)

Multifamily

Details

Target Raise$13.3M
Close Date4/24/2025
Min Investment$100,000
Target IRR10% - 18%
Target Hold Period5 years
Target Equity Multiple2.00x
Preferred Return7% - 10%
Break of Day Capital

Break of Day Capital