All Forum Posts by: Sathesh Kumar

Multi-family Investment Opportunity Cedar Run Apartments, Memphis, TN

416 Units | Class B Property | - Projected: 80% + 5 Year Return, 8.0%+ Avg Cash Flow

(This is a 506C offering, which means it is open to accredited investors only)

We are very excited to announce that we are under contract to purchase Cedar Run Apartments in Memphis, TN.

• Class B property that has been renovated by the seller in 2019 and looks and feels like class A
• Memphis has a population of 1.3million+ and is growing
• Strong inbound migration pattern into Memphis from across USA
• The average median household income is about 50,000 in the 3-mile radius

INVESTMENT HIGHLIGHTS

• Purchase price of $93k/unit (39M) with significant NOI growth opportunity.
• The property is in excellent condition, the previous owner spent 17million $ in renovations.
• 8% + average annual return of cash flow to passive investors.
• 80% + 5 Yr. Total Return to passive investors.
• Cost Segregation will be performed to maximize ROI via tax. advantages of Accelerated & Bonus Depreciation. Significant year 1 tax deductions will be realized by all investors.
• 80/20% Passive/Sponsor split on profit after all investor capital has been returned.
• Minimum investment $50,000 (please note priority will be given to those with higher investment amounts)

This is a 506c offering, accredited investors only

SPONSOR TEAM

• The combined sponsor team has experience managing 3500+ units of properties in Dallas, Boston, and Atlanta.As a team we have done 8 syndication deals combined and done successful exits which gave 2X for passive investors

If this investment opportunity might fit your criteria and you are interested in receiving more details in the coming weeks, please complete our Investor Interest Form by clicking the button below.

https://docs.google.com/forms/d/e/1FAIpQLSfsOfZnXVsWMEYBY_pqM9HltHFfymoUnurIC3Xt_roAo5HD-A/viewform

Yes it is...we are not new to the game and we own around 2000 units across different markets (all are doing good for my investors) and have experience in managing these kind of big properties for the past 7yrs. So it is another property added to our portfolio..still scouting for bigger than this size  to get in to contract soon. 

 Thanks Andy!!

Thanks a lot for your wishes!! Thats a long checklist we have during the due diligence. usually 3rd party company along with my property management company did that combine effort. Yes it includes all the fees like attorney, 3rd party inspection company etc...

@Jesse Daconta- Thank you !! absolutely true..We will protect our investors and execute the business plan we have to acheive the returns we have committed...

@Jamane Y. Thank you !!

@Cole Britting Thank you Cole! yes it is an awesome offmarket deal!!

@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!!

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