PASSIVE INVESTMENT OPPORTUNITY WEBINAR

CANOPY CREEK APARTMENTS

This is a fantastic value-add opportunity in Jacksonville, Florida.

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18% Targeted IRR

5 year targeted hold

10% Projected Cash on Hold

Investor Package with Offer Memorandum available for review immediately after registration.
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Note: This 506(c) syndication is open to ACCREDITED investors only.

Investment Overview

This fantastic value-add opportunity is located in Jacksonville, FL and consists of 27 buildings and 288 units.

On average, the current rent is $50-$75 below market rate for units with a similar interior. After renovations, the rents can grow up to an additional $225 to meet market rates for renovated units.

Don’t wait too long, this sponsors previous deals were over-subscribed just days after the live webinar!

Note: This 506(c) syndication is open to ACCREDITED investors only.

Pandemic Resilience

Landlord Friendly State:
- Florida is a very pro-landlord state
- The government is providing significant assistance programs for residents who cannot pay rent.
- Jacksonville MSA has an unemployment rate of 5.1%, leading all markets in the state and beating the national average of 7.9%.

Resilient Renter Base
- A & B Class residents with higher education and income are less impacted.
- We are focusing on ‘grey collar’ residents who typically have fewer collection issues.

Timeline

0-24 Months
- Put in place new property management
- Complete exterior upgrades and improvements
- As units turn, roll out interior operational upgrades – faucets, LVP, bathroom reno
- Continue pushing rents on renewals to catch up to market rents

18-36 Months
- Continue stable operations
- Begin testing higher upgraded units to see what the market will bear
- We anticipate doing a supplemental loan at end of year three to be able to return 50% of capital back to investors
- Continue cash flowing

Property Details

The Property
- Year Built: 1975
- Buildings: 27 Total | 25 Residential
- Units: 288

Property Amenities
- Gated Entrance
- 24×7 Laundry Rooms
- Resident Lounge
- Clubhouse & Business Center w/ High-Speed Internet
- Outdoor BBQ Station
- 2 Resort-Style Swimming Pools
- Playground Area
- Expansive Fitness Center

JACKSONVILLE, FL

Jacksonville has been ranked as one of the best places to buy rental property for 2021. Real estate investors looking for cash flow and equity growth over the long-term should benefit by owning good rental housing in Jacksonville due to the area’s strong job and population growth, and affordability.

Key Market Stats

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Jacksonsville is growing fast

Jacksonville grew by 2.5% in population in 2017 and about 44% of the population rent the homes they occupy.

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The Median Home Value is around $200,000

Median rents per month are around $1,350 a month, which means the city is affordable for investors and tenants. Now would be a good time to invest because home prices are expected to rise in the city by 4.4% in the next year, which is a rate double the national average.

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Florida Is Ranked #4

With the strongest economy in the states.

There’s a lot of jobs and future job growth in Jacksonville.

We Are Multifamily
Investment Professionals

Experienced

With decades of experience and $200MM in closed multifamily transactions, we have the subject matter expertise, key relationships, and proven track record to execute profitable deals.

Conservative

We are opportunistic investors focused on creating long term value. We stress test our deals and use leverage carefully to create sustainable cash flow and limit our risk.

Diligent

Closing a deal, while challenging, is the easy part. Executing on the business plan is the hard part. It takes perseverance and persistence to achieve what we set out in our underwriting.

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This Offering is only Available to Accredited Investors.

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