Deal Of The Week

18 Units: Deal of the Week 1-28-21

Eric Wilson
February 1, 2021

Highlights:  This property is a perfect representation of a core plus asset.  This property is located in a quiet, upscale neighborhood within the Fort Myers/Naples MSA.   Built-in 2010 the complex consists of 18 garden units and is situated on a 2.5-acre parcel that is located on a Gulf Access canal with a private boat ramp.  The property is also within walking distance to a historic downtown area that provides an attractive blend of small shops, cafes, and restaurants.  Within a five-minute car ride residents have access to a variety of chain stores and restaurants as well as nearby golf and tennis facilities. These factors have allowed current management to maintain a 95% occupancy rate since acquiring the property in 2014. The property is coming to market as part of an estate settlement.

Repositioning:  The property target acquisition price will be $3,005,000 and we will plan to invest an additional $30,000 into property improvements to include improved signage, updated landscaping and limited exterior paint.  These improvements will restore the complex to its first and best status and provide the opportunity to maintain the current tenant base that will provide excellent continual cash flow.


Targeted Returns(Based on 72 Month Hold)

Average Annual Cash On Cash:  13.93%

IRR:   22.67%

Equity Multiple: 1.8x

These securities are being offered under an exemption provided by SEC Regulation D Rule 506(c).  Only accredited investors who meet the SEC Regulation D 501 “accredited investor” accreditation standards and who provide suitable verification of accredited status may invest into this Offering. Any historical performance data represents past performance.  Past performance does not guarantee future results. Current performance may be different than the performance data presented. The Company is not required by law to follow any standard methodology when calculating and representing performance data. The performance of the Company may not be directly comparable to the performance of other private or registered funds or companies. The securities are being offered in reliance on an exemption from the registration requirements, and therefore are not required to comply with certain specific disclosure requirements. The Securities and Exchange Commission has not passed upon the merits of or approved the securities, the terms of the offering, or the accuracy of the materials.No communication, through this website or in any other communication, should be construed as a recommendation for any security offering. Prospective investors should not construe the contents of this website, email, or other communication as legal, tax, investment or other advice. All prospective investors are strongly advised to consult with their own tax, legal and financial advisors.