The North Carolina Portfolio
Exclusive Early Access
We wanted to send a quick reminder that we will be hosting a live webinar this upcoming Tuesday, September 16th, at 11:00 AM PST / 2:00 PM EST, where we'll introduce our newest investment opportunity, The North Carolina Portfolio.
We'll cover a full market overview, projected returns & key deal metrics, and host a live Q&A for you to ask any questions you may have regarding the investment opportunity.
If you can’t make it live, a recording will be sent afterward.
Feel free to invite friends, family, or colleagues who may be interested in this opportunity.
We are excited to announce that we are under contract to acquire Rehobeth Pointe Apartments and Lyv Chapel Hills, rebranding to "Rise Crown View" and "Rise Chapel Hill", respectively, which will be offered as one portfolio investment known as the “The North Carolina Portfolio”.
We are sharing this information a few days in advance to provide you with ample time to thoroughly review the presentation deck and financials related to this opportunity. The official "Reserve a Spot" investment link will be sent within the official launch email in next week, on Thursday, September 18th.
Investment opportunities will be granted on a first-come, first-served basis. We are excited about this opportunity and anticipate high turnout.
Investment Highlights
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 of 263 total units built in 2010 and 1984. It offers immense upside with the opportunity to renovate 100% of the classic units and add washers/dryers to 100% of the units.
We are personally investing in this opportunity and believe strongly in its upside.
Our team also worked directly with Rise48 to negotiate enhanced economics that are not available to the broader investor network.
This is a unique opportunity to participate alongside me on improved terms.
★ 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
★ 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)
We are accepting 1031 exchanges and SDIRA funds into this deal.
PROJECTED INVESTOR RETURNS
Equity Multiple: 2.06X
Average Annual Return: 21.1%
Preferred Return: 7.0%
IRR: 16.4%
Planned Distributions and Reporting: Monthly
DEAL TIMELINE
Deal Launch (expected to fully subscribe in 1-2 days): 9/16
PPM Deadline: 10/7
Funding Deadline: 10/17
Closing: 10/31
If you have questions, please reach out to me at (505) 489-3962 or reply to this email.
Thank you,
Michael Armijo
President of Capital Formation
