Fund 62 - Elevest Capital

projected returns

Preferred Return

8.0%

LP/GP Split

85/15

IRR

15.8%

Equity Multiple

2.03x

Avg. Cash Flow

4.0%

Annualized Returns

20.6%

Why we love this deal

We have identified Rise Crown View and Rise Chapel Hill (“The North Carolina Portfolio”) as properties that meet our criteria. We are offering these two properties as one portfolio investment known as “The North Carolina Portfolio”, so your one investment is diversified across two separate assets. Currently operating as Rehobeth Pointe and Lyv Chapel Hill, The North Carolina Portfolio consists of two B+ class properties in A+ and B+ locations, respectively. The portfolio consists on 263 total units built in 2010 and 1984. They’re located in two of the strongest markets in North Carolina, Chapel Hill and Greensboro.

Both properties purchased at 30%+ discount from 18-36 months ago

Purchasing directly out of foreclosure and from Distressed Seller selling for a loss of capital

Gain instant diversification across 263 units in Chapel Hill and Greensboro, NC

Significant upside to renovate 100% of units and add Washers/Dryers to 100% of units

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

Questions?

our track record

Purchase Price

$39,500,000

Number of Units

263 Vintage

1984 + 2010

Rentable Square Feet

245,943 SF

offering summary

Purchase Price

$39,500,000

Equity Raise

$19,516,845

Occupancy

94.2%

Cap Rate (T3/ PF Exp)

3.93%

Projected Exit Cap Rate

4.80%

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

$52,170,878

uses

total

$52,170,878