Don't Miss Out On CrowdStreet's Newest Real Estate Investment Offering With A 14.2% Target Annual Return

Real estate investing platform CrowdStreet is releasing its latest offering for a multifamily rental complex in Fort Worth, Texas. With a minimum investment of $25,000, investors can be part of this $36 million project that has an expected internal rate of return (IRR) of 14.2%.

Investment highlights: Built in 2008, Centreport Lake Luxury Apartments, is a 452-unit building in the Fort Worth suburb of Euless. Centreport Lake offers excellent on-site amenities and is minutes away from retail and restaurants for added convenience. Chick-Fil-A, Starbucks, Chipotle, Smoothie King and Panera all are within a 10-minute walk of the property.

Community amenities include two resort-style pools, sundeck, veranda, state-of-the-art fitness center, movie screening room, billiards room, business center, coffee bar, expansive green spaces with a gazebo area and a jogging trail throughout the property.

CrowdStreet ranks Dallas-Fort Worth as the eighth-best market for multifamily on its 2022 Rankings of Top Markets for Investment. The metro area has one of the fastest-growing populations, ranking first in both 2020 and 2010-2020 population growth.

This expansion has pushed rents to grow further at a compounded annual rate of 3.1% since 2013 and by 16.7% year-over-year as of February 2022.

• Minimum investment: $25,000
• Target IRR: 14.2% 
• Target equity multiple: 1.6x
• Target average annual cash yield: 6.7%
• Target investment term: 4 years

View offering details on CrowdStreet

About the Sponsor: Deal sponsor Marlin Spring is an active North American real estate investor and developer with an impressive track record across residential development, multifamily, senior living and other sectors. A tenure-level sponsor, it has a historical portfolio capitalization of more than $3.5 billion and an average realized IRR of over 50%. Marlin Spring has had multiple deals in the high double-digit to triple-digit IRRs.

In addition to sourcing the deal, it is contributing $2,768,629 of the total equity investment of $36,915,054. In addition, Marlin Spring’s plans to implement its in-unit value-add program, which has a track record of success in its past ventures. 

NEW! Discover available real estate investment offerings from all of the top platforms and search for opportunities based on your criteria with Benzinga’s new Alternative Investments Screener.

Photo: Courtesy of CrowdStreet