CrowdStreet, and real estate investment platform, opens up two new commercial real estate investment opportunities next week with target annual returns of 19% and 23%.
Midlothian Industrial Center: The proposal is for investment in the development of a two-building industrial center in Midlothian, Texas, covering approximately 341,000 square feet.
The project site is located $ 69 from RailPort Business Park, a 1,700 acre business park that houses the 1.35 million square feet Target (NYSE: TGT) Distribution center and Google(NASDAQ: GOOG) Data center for $ 600 million.
The investment will begin on August 24, 2021.
Minimum investment: US $ 25,000.
Target IRR: 19%
Target average cash return: 4.3%
Endowment Multiplier: 1.6X
Target investment period: three years
The proposal is sponsored by Provident Realty Advisors, which currently manages $ 1.9 billion in assets, including six previous proposals on CrowdStreet. All previous CrowdStreet offerings that are not being developed either work as planned or surpass them.
Institutional Access Fund GP: The main activity of the fund will be investing in the position of a general partner in the development of multi-family buildings from scratch, as well as creating additional opportunities for multi-family buildings together with institutional investors. The fund is available only to qualified buyers.
Start of investment on 23 August 2021
Minimum investment: USD 50,000.
Target IRR: 23%
Target investment period: two years plus one extension option for six months
The offer is sponsored by Cypress Equity Investments, LLC, which has invested a total of 119 projects and has a portfolio and portfolio of over 13,000 apartment buildings.
Photo: Courtesy of CrowdStreet.
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