Featured Acquisition

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