Last Call to Invest In This Private Real Estate Offering With 20% Target Return

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

The offering window for the D.C. Navy Yard Wharf Apartments crowdfunding campaign is closing at the end of the day on Tuesday, July 27, 2021. The investment opportunity is being offered through CrowdStreet, a commercial real estate crowdfunding platform. 

The Investment: The D.C. Navy Yard Wharf Apartments offering is for the development of a 197-unit Class-A luxury apartment community in Washington, D.C.’s Navy Yard neighborhood. The project has a target occupancy date of August 2023 with a target distribution date for investors during the first quarter of 2024. 

Investment Highlights: The Navy Yard neighborhood is one of the most popular neighborhoods in Washington D.C and typically commands the highest rents in the city.

• Targeted annual return: 20%
• Targeted equity multiple: 1.7x
• Targeted investment period: 3 years
• Minimum investment: $25,000

The Sponsor: The investment opportunity is being offered by Foulger-Pratt, a real estate investment and development firm established in 1963. The firm has successfully developed over 15 million square feet of office, multifamily and retail properties, and has $2.2 billion in assets under management.

How to Invest: Full details on the offering can be found on the CrowdStreet platform where accredited investors can also submit an offer to invest. Visit the D.C. Navy Yard Wharf Apartments offering page here.

Photo: courtesy of CrowdStreet.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.