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Invest in an LP equity investment (~90% of the total equity) for the acquisition of two extended stay hotels: a 73-key property in Macon, GA, and a 92-key property in Columbus, GA. The properties’ purchase prices represent a 13% discount to recent comparable transactions and a 39% discount to replacement cost.
Terms
Min. Investment$15,000
Target Return21%
Property TypeMultifamily
Target Hold Period3 years
Target Cash Yield9.6%
Target Raise$670,000
Close Date–
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What is the target raise?
Target raise is $670,000
What is the target cash yield?
Target cash yield is 9.6%
What is the minimum investment amount?
Min. investment is $15,000
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