Portfolio
Live Deals:
Times Square IHG Voco Hotel (Preferred Equity) – New York City, NY
Rooms: 422
Principal Developer: Flintlock Construction Services
Construction Costs: $144,000,000
Stabilized Value: $277,000,000
Total Equity Raise: $3,950,000
Deal Type: Preferred Equity, Hospitality Development
Projected LP Returns: 17.5-18.5% IRR, 24-30 months
10.5% paid current + 7% accrued and compounded
Presentation: Click Here
Due Diligence Room: Click Here
Under Management:
101 Poe Apartments – Richmond, VA
Units: 48
Purchase: $3,885,000
CapEx: $750,000
Total Equity Raise: $1,980,000
Deal Type: Value-Add Multifamily
Projected LP Returns: 20.7% IRR, 36 months
Shipley Rd Quad – Cookeville, TN
Units: 4
Purchase: $450,000
CapEx: $50,000
Deal Type: Value-Add Multifamily