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Updated over 4 years ago on . Most recent reply

User Stats

11
Posts
10
Votes
Sathesh Kumar
  • Charlotte, NC
10
Votes |
11
Posts

Closed -263 Unit Apartment in Lagrange,GA

Sathesh Kumar
  • Charlotte, NC
Posted

I am happy to share 🕫🕫🕫 the good news with friends, family, investors, & supporters that we have CLOSED  263 units Apartment in Lagrange, GA. I am humbled & blessed and Thank you so much to all who invested with us.
If you are curious about the closed asset:
This institutional quality investment is a 263 unit, Class B apartment community located in the strong Class A community of LAGRANGE,GA. This submarket has  ATLANTA’S strong population growth since 2000.
Projected 5 year Returns:
1.8-1.9x - Equity Multiple
10-12% - Average Cash Flow
14-16% - Average Annualized Return
• Property Management: SMP MANAGEMENT
• Numbers of Units: 263
• Property Total Cost : $25.3Million
• Capital Raised: $8.5M
• Minimum Investment: $50,000
• Date of Closing: November 19th
I would like to tell you more about our model, our past successes, and our upcoming projects.
Please schedule a time for a quick call: https://calendly.com/fortunein...

Visit my website for free ebook on apartment investing:

https://fortuneinvestmentsgrp.com

Sathesh Singaram

  • Sathesh Kumar
  • Most Popular Reply

    User Stats

    11
    Posts
    10
    Votes
    Sathesh Kumar
    • Charlotte, NC
    10
    Votes |
    11
    Posts
    Sathesh Kumar
    • Charlotte, NC
    Replied

    @Myreim Mhirit - The most challenging part is Money raising, Since it is syndication and 506B only friends and family we can raise unlike 506c rule where we can go for advertisement in social media. Myself and 2 other partners together we could raise 8.5M for this deal. Infact it was over subscribed in the final stage!!

  • Sathesh Kumar
  • Loading replies...