Multifamily Real Estate Investment Offering Now Live With 16% Target Returns

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.

A new offering has gone live on RealtyMogul's real estate investment platform for Sherwood Oaks, a 199-unit multifamily value-add opportunity in the Tampa metro.

The property is a stabilized asset with 97% occupancy and its predominantly single-story construction provides a unique feature that’s highly desirable for renters in the area.

Investment Highlights: According to RealtyMogul, the property’s current rents are more than 11% below average rents for the market, providing significant upside opportunities. Additionally, rents in the Tampa area are projected to grow 12.8% in the next 12 months.

Over $3 million in capital improvements have been made to the property since 2020, and another $1.3 million is slated for further upgrades. These upgrades should allow the sponsor to easily increase rents while staying competitive in the market.

• Minimum Investment: $35,000
• Target Investor IRR: 16%
• Target Equity Multiple: 2.27x
• Target Average Cash Yield: 7.7%
• Target Investment Term: 7 years

How to Invest: Accredited investors can find more details on the offering and make an investment through the RealtyMogul platform here.

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

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.

Sign up here for free alerts to find out about new offerings before they go live.

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.