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Upcoming Acquisition: Off-Market 204-Unit Multi-Family Gem In The Hot Lubbock Texas Market
Why we love this opportunity:
Following our successful acquisitions in North Carolina, we are excited to announce our entry into the thriving Texas multifamily market
- Off-Market, stabilized, Class A asset, acquired at 18% below an appraisal dated April 2025: no heavy value-add risk
- No reliance on aggressive rent growth. CBRE shows 4% YoY rent growth between 2020 and 2024, despite 4,000 new units delivered; we are basing our annual increase on 3%
- Despite the appraisal validating $270 premium above in-place rents, our plan includes a $50 rent bump year2 and $100 year 3
- Median household income of $83,733 within a 3-mile radius of the property. Compared to an average rent of $14,100 in year 1 (only 16.8% of household income) and$17,796 by year 5
Download The Deck
Current Offering — PC Fund II
Finding Value In Undiscovered Markets
Asset Class:
Multifamily
Offering Size:
$50,000,000
Preferred Return:
8%
LP-GP split:
80%/20%
Fund Term:
5 Years
Target Annualized Return:
17%-22% Average Annual
Multiplier:
2x to 2.2x in 5 Years
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Spring Forest at Deerfield
Mebane, North Carolina
192 units, Class A
VIEW THE CASE STUDY
