Last Call To Invest in This Crowdfunded Multifamily Offering With an 18.7% Target Annual 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 real estate crowdfunding offering for Idlewood Park Apartments, with an 18.7% target return, is almost fully subscribed on RealtyMogul’s investment platform. 

The 268-unit multifamily property is located in Houston, Texas, which is projected to have the largest population gain in the U.S. from 2020 to 2025 with 550,000 additional residents, according to RealtyMogul. 

The sponsor has owned and operated the property since 2013 and is recapitalizing the project to take advantage of the value-add potential still remaining in the asset.

The sponsor anticipates being able to increase rents by roughly 9% across all units once renovations are completed. The company has budgeted $750,000, or $2,799 per unit, for interior renovations and $800,000 for exterior improvements. 

Investment Highlights: A recent appraisal puts the property’s as-is value at $24,460,000 while the opportunity is being presented to investors based on a discounted value of $23,000,000. The sponsor plans to sell the property in 4 years at an expected cap rate of 5.5%. 

• Minimum Investment: $35,000
• Target internet rate of return (IRR): 18.7%
• Target cash-on-cash return: 5.9%
• Target equity multiple: 1.97x
• Target investment term: 4 years

View offering details on RealtyMogul

Deal Sponsor: The Idlewood Park Apartments opportunity is being offered by ParaWest Group, which has participated in the acquisition of 23 properties totaling over 3,800 units since its inception in 2012. The company’s principals have participated in over 20 acquisitions in the Houston market since 2010.

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 RealtyMogul

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.