Fund 61 - Elevest Capital

projected returns

Preferred Return

8.0%

LP/GP Split

85/15

IRR

15.7%

Equity Multiple

2.02x

Avg. Cash Flow

4.0%

Annualized Returns

20.3%

Why we love this deal

We have identified Rise Mountain Ridge as a property that meets our criteria. Currently operating as Emparrado Apartments, Rise Mountain Ridge is a B+ class property in a B+ location. The asset is a 154-unit multifamily community built in 1987.

Significant 30%+ discount from what it would have sold for 36 months ago

100% classic units (154 units) that will be renovated

Opportunity to implement professional management and increase below-market rents

Add Washers/Dryers to 39% of units for additional $50 rent increase

Extremely low basis of $157K/unit

Conservative leverage at 69% Loan-to-Value (LTV)

Questions?

our track record

Purchase Price

$24,250,000

Number of Buildings

6 Number of Units

154 Vintage

1987

Rentable Square Feet

108,341 SF

Average Unit Size

704 SF

Air Conditioning

Individual HVACs

Construction

Wood Frame/Brick

Roof

Pitched/Shingle

Electrical

Individ. Metered

offering summary

Purchase Price

$24,250,000

Equity Raise

$12,747,230

Occupancy

95.5%

Cap Rate (T3/ PF Exp)

5.52%

Projected Exit Cap Rate

4.40%

Hold Period

2-5 Years

minimum investment

$100,000

financial summary

equity member class with preferred cash on cash return

8.0% preferred cash on cash return; 85/15 LP/GP split on sale

sources

total

$46,371,101

uses

total

$32,329,545