Fund 64 - Elevest Capital

projected returns

Preferred Return

8.0%

LP/GP Split

85/15

IRR

15.6%

Equity Multiple

2.01x

Avg. Cash Flow

4.1%

Annualized Returns

20.2%

Why we love this deal

Rise Avalon is 240 units, built in 1999. The property is a B+ class asset located in a B+ submarket of Charlotte, North Carolina. It offers immense upside with the opportunity to renovate 100% of the classic units and add washers/dryers to 100% of the units for an additional $50 rental increase per unit.

Significant 30%+ discount from what it would have sold for 18-36 months ago

Last deal of the year to receive 2025 Depreciation Tax Benefits

Highest capitalization rate of any deal we’ve purchased in over 3+ years

Extremely low basis of $170K/unit, rare for 68% 2 & 3-bedrooms

Tax Abatement Strategy eliminating 90% of property taxes to boost investor returns

Significant upside to renovate and add washers/dryers to 100% of units for an additional $50 rental increase per unit

Questions?

our track record

Purchase Price

$41,000,000

Number of Units

240 Vintage

1999

Rentable Square Feet

243,140 SF

offering summary

Purchase Price

$41,000,000

Equity Raise

$19,069,002

Occupancy

94.0%

Cap Rate (T3/ PF Exp)

5.69%

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

$52,667,326

uses

total

$52,667,326