Last Call To Invest In Commercial Real Estate Private Offering For Mixed-Use Development With 23.1% 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 investment window for the Canvas Apartments offering on CrowdStreet is closing at the end of the day on Oct. 6.

The offering is for an equity investment in the ground-up development for 285 apartment units above 31,660 square feet of retail in the vibrant Arts District of Hyattsville, Maryland, and only two miles from the Washington, D.C. border. 

The sponsor has assembled seven adjacent lots with 500 feet of frontage along Baltimore Avenue in the heart of the downtown commercial corridor. The City of Hyattsville is supportive of this project and believes the development will be a major economic driver for the city. 

Investment Highlights: The development includes a public-private partnership to provide parking that supports retail throughout the neighborhood, as well as roughly $1 million in grants to aid in the capitalization of the project.

The Hyattsville market has a strong demand for rentals with the consistent flow of renters from the University of Maryland and the city’s close proximity to jobs in downtown D.C.

The sponsor plans to start construction this month and have the property ready for occupancy by November 2023. 

• Minimum Investment: $25,000
• Target Investor IRR: 23.1%
• Target Equity Multiple: 2.2x
• Target Average Cash Yield: 4.8%
• Target Investment Term: 4 years

Deal Sponsor: The Canvas Apartments offering is being sponsored by Urban Investment Partners, a real estate investment firm specializing in multi-family and mixed-use residential properties, primarily in the Washington, D.C. metropolitan area.

The company has invested more than $1.5 billion in the Washington, D.C. region with more than $900 million in assets under management.

How to Invest: Accredited investors can sign up on the CrowdStreet platform to review the full details of the Canvas Apartments offering as well as other current multifamily and commercial real estate offerings. 

Want To Be The First To Know About New Investment Opportunities? Gain access to the same investment offerings on which institutions and billionaire investors are earning 20% to 30% or higher annual returns.

While real estate crowdfunding is giving individual investors access to private deals that have historically been out of reach, many of the most lucrative deals are fully funded before the average investor ever has a chance to get involved.

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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.