- https://www.yieldstreet.com/offering/iCUPbg/dallas-fort-worth-multi-family-equity-i/
What is the collateral underlying the transaction?
Built in 2012, Sevona Avion is a three-story garden-style apartment complex located equidistant from Dallas and Fort Worth CBDs.
As of November 2021, the property was 97% occupied with an average in-place rent of $1,428/unit ($1.51 PSF) and limited concessions.
The property will be managed by InterCapital’s internal property management arm, Dayrise Residential, founded in 2010 and managing over 19k apartment units across four states.
In total, the property has 344 units, which consist of one bedroom (62% of units), two bedroom (35% of units), and three bedroom (3% of units) apartments.
The property has been well-maintained since completion, helping to uphold its high quality curb appeal.
Sevona Avion’s amenity package includes a resort style pool, poolside cabanas with TVs and refrigerators, outdoor lounge with fireplace, grille stations, fitness center, coffee bar and kitchen, business center, dog park, and attached garage parking in select units.
Interiors of the units include stainless steel appliances, granite countertops, walk-in closets, crown molding and a private balcony or patio.
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The offering is expected to provide investors a targeted net annualized return of 14-16%, of which an annualized ~6% is expected to be distributed quarterly as current income.
The balance of the returns are expected to be achieved via appreciation of the property at the time of sale.
Since this is an equity investment, there is potential for returns to be above or below the target range.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Please note , read, analyze and please use your discretion to proceed further and taking action.
This is done with the intention for information and knowledge, further action depends upon your financial standing and risk and reward taking medium.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
What is the collateral underlying the transaction?
Built in 2012, Sevona Avion is a three-story garden-style apartment complex located equidistant from Dallas and Fort Worth CBDs.
As of November 2021, the property was 97% occupied with an average in-place rent of $1,428/unit ($1.51 PSF) and limited concessions.
The property will be managed by InterCapital’s internal property management arm, Dayrise Residential, founded in 2010 and managing over 19k apartment units across four states.
In total, the property has 344 units, which consist of one bedroom (62% of units), two bedroom (35% of units), and three bedroom (3% of units) apartments.
The property has been well-maintained since completion, helping to uphold its high quality curb appeal.
Sevona Avion’s amenity package includes a resort style pool, poolside cabanas with TVs and refrigerators, outdoor lounge with fireplace, grille stations, fitness center, coffee bar and kitchen, business center, dog park, and attached garage parking in select units.
Interiors of the units include stainless steel appliances, granite countertops, walk-in closets, crown molding and a private balcony or patio.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
The offering is expected to provide investors a targeted net annualized return of 14-16%, of which an annualized ~6% is expected to be distributed quarterly as current income.
The balance of the returns are expected to be achieved via appreciation of the property at the time of sale.
Since this is an equity investment, there is potential for returns to be above or below the target range.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Please note , read, analyze and please use your discretion to proceed further and taking action.
This is done with the intention for information and knowledge, further action depends upon your financial standing and risk and reward taking medium.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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