Multifamily Apartments (direct co-invest with ASX Listed Fund) - North Carolina

Multifamily Apartments (direct co-invest with ASX Listed Fund) - North Carolina - 8.4% pa Net Yield Target

Categories:	Direct Assets, Real Property Interests
Sale Type:	Asking Price
Price Guide:	USD $6.2M Offer (minimum subscription USD$20,000)
Status:	Closed

Summary:

A direct co-investment opportunity sponsored by an Australian Stock Exchange (ASX) listed Fund in a 240 unit A-class multifamily apartment built in 2004. The syndicate is targeting to a raise of USD$6.2M to provide an equity controlling interest of 65.2% (after establishment costs). Targeted five-year average annual return is 8.4% before management fees and semi-annual operating costs.

The property is located within the long-established Raleigh-Durham “Research Triangle” market (leading Universities, Hospitals & Financial District) which is experiencing strong labour force growth. Divestment and return of capital is expected after 5 years.

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