Featured Acquisition
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Why We Acquired Creekside
- High demand, and close proximity to the $2.3B Mazda/Toyota plant and other jobs.
- Newer 2021 construction (lower operating costs)
- 6% cap rate (20+% discount on) purchase directly from the builder
- Positive leverage (rare in today’s market) on new construction
- 5-year fixed agency debt with sub 5.5% interest rate
- Located in prime growth region in the path of progress from Huntsville
Creekside Athens
Huntsville AL MSA
Creekside Athens (AL) is a 98-unit build-to-rent community with an adjoining 10-acre site zoned for an additional 120 units.
By the Numbers
- 68 2-bedroom, 2-bath units
- 30 3-bedroom, 2-bath units
- 96+ Occupied
- Part of the Dynamic Huntsville AL MSA
Investment Offering Size: $6,500,000
BASED ON 5-YEAR PRO FORMA
Preferred Return:
8%
Annual Average Return:
24.2%
Net Investor IRR:
18.8%
Equity Multiplier:
2.2x
Available to accredited investors
SDIRA and Solo 401k accepted
BOOK A CHAT
Ed Rogan
Owner/Co-Founder
Office Number: (267) 436-1727
Percy Nikora
Owner/Co-Founder
Office Number: (267) 436-1727