Sponsors with similar asset classes

Matheson Capital

5.00

(18 reviews)

Wellings Capital

5.00

(13 reviews)

PPR Capital Management

5.00

(13 reviews)

See all

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

Break of Day Capital

5.00

(7 reviews)

Wellings Capital

5.00

(13 reviews)

Matheson Capital

5.00

(18 reviews)

PPR Capital Management

5.00

(13 reviews)

Arrowpoint Properties

5.00

(10 reviews)

BV Capital

4.50

(4 reviews)

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%

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

Sponsors with similar asset classes

Matheson Capital

Wellings Capital

PPR Capital Management

Icon on Broadway

Break of Day Capital

People also viewed

Wellings Capital

Matheson Capital

PPR Capital Management

Arrowpoint Properties

BV Capital

Details

Icon on Broadway

Break of Day Capital

Details