Oak and Vine Rise North Carolina Portfolio
Asset Type: 263 Units
Location: North Carolina
Address: Greensboro and Chapel Hill respectively
Purchase Price: $39,500,000
Equity Raise: $19,516,845
Opportunity Type: Multifamily
Minimum Investment: $50,000
Hold Period: 2–5 Years
PROJECTED INVESTOR RETURNS
Equity Multiple: 2.06X
Average Annual Return: 21.1%
Preferred Return: 7.0%
IRR: 16.4%
Planned Distributions and Reporting: Monthly
DEAL TIMELINE
Deal Launch (expected to fully subscribe in 1-2 days): 9/18
PPM Deadline: 10/10
Funding Deadline: 10/17
Closing: 10/30
We are excited to announce that we are under-contract to acquire two new distressed properties in North Carolina. We are offering these two properties as one portfolio investment known as “The North Carolina Portfolio,” so your one investment is diversified across two separate assets.
Currently operating as Rehobeth Pointe and Lyv Chapel Hill, which will be rebranded to "Rise Crown View" and "Rise Chapel Hill" respectively, The North Carolina Portfolio consists of two B+ class properties in A+ and B+ locations. The portfolio consists of 263 total units built in 2010 and 1984.
★ Both properties purchased at a 30%+ discount from 18-36 months ago
★ Purchasing directly out of foreclosure and from a distressed seller selling for a loss of capital
★ Instant diversification across 263 units in Chapel Hill and Greensboro, NC
★ Significant upside to renovate 100% of units and add washers/dryers to 100% of units
★ Conservative leverage at 69% Loan-to-Value (LTV)
Rise North Carolina Portfolio
Rise North Carolina - Reserve a Spot : https://oakandvinecapital.fundamentalportal.com/scf/create/PDN/SPO_01HYNFERR6XCA1YNVQF5P7KHGP
Business Plan: https://drive.google.com/file/d/1jOSIfNd4WzzLMlko6XKxJAnV6YfAYRPW/view?usp=sharing
Click Here to View Business Plan
Webinar: https://youtu.be/T_NQPND9MMs
Live Webinar: https://youtu.be/T_NQPND9MMs
If you have any questions, please feel free to reach out.