The business plan is to cultivate tremendous value upon sale of this property, while maintaining strong annual returns for new investors that want to invest alongside seasoned, experienced ArborCrowd institutional investors
Miami, Florida – ArborCrowd, one of the top commercial real estate equity crowdfunding sites, announced today a new real estate investment opportunity – known as the Lago Paradiso. A profitable and stabilized multifamily complex, this property is located in Miami, Fla., one of the most international and desirable marketplaces to live in the United States.
A new commercial real estate investment offering, Lago Paradiso is a value-add, multifamily lakefront apartment complex located in Miami
ArborCrowd investors have the opportunity to own a piece of a $4 million equity stake in Lago Paradiso. The Property has a targeted 13 percent to 17 percent Internal Rate of Return (IRR) and a projected hold period of four to seven years.
The goal of the business plan is to cultivate tremendous value upon sale of the Property, while maintaining strong annual returns for investors. This will be executed through a value-add repositioning, experienced property management and operational efficiency.
“ArborCrowd is the engine that brings successful real estate investments with the industry’s best sponsors and crowd investors,” said Ivan Kaufman, Co-founder and CEO, ArborCrowd. “The long-standing relationships that ArborCrowd has developed with institutional real estate investors has enabled us to attract a network of successful leaders who know how to source, manage and execute some of the best multifamily deals in the country.”
ArborCrowd’s investment model is unlike other crowdfunding platforms – the quality of the real estate is at the core of the business. Other models pool investors’ money into funds that are blindly allocated to different assets. ArborCrowd created a better way to invest by providing investors the transparency and knowledge to choose what deals their money goes into.
“Looking at just the returns of a property are not enough. ArborCrowd will only post what we believe is a strong investment offering. In order to be confident in the deal, we hone in on the depth and breadth of the sponsor’s experience,” said Adam Kaufman, Co-founder and Managing Director, ArborCrowd. “This commitment to only presenting high caliber deals is proving to be successful as all our previous deals funded quickly – with ArborCrowd’s last equity raise oversubscribed in just three business days.”
Lago Paradiso Deal Highlights The Property was acquired in May 2017 for $69.7 million. Lago Paradiso is a lakefront apartment complex that consists of 27 buildings with 424 one and two bedroom units – currently 97 percent occupied.
Lago Paradiso, a new commercial real estate investment offering, consists of 27 buildings with 424 one and two bedroom units
The business plan is to create value by increasing rents through renovations, and by implementing new property management and operational expertise. Robbins Electra and its affiliates own and operate more than 22,000 units. This extensive management experience, particularly in Florida, means the Sponsor is well equipped to manage rent escalations while leveraging proprietary systems to improve operational costs.
Key benefits for ArborCrowd investors, include:
Basis: As an off-market transaction, this property was acquired at a favorable purchase price.
Proven Plan: Prior to the acquisition, 14 units were renovated and re-leased at higher rents. The current plan is to significantly expand this proven approach and accelerate renovations to generate even more cash flow and increase overall property value.
Cash-on-Cash: The projected cash-on-cash return remains strong during the renovation period, approaching 10 percent in the second year. Once renovations are complete, the new units are expected to enable an even stronger cash-on-cash return throughout the holding period.
Experienced Management: The deal sponsor is an affiliate of Robbins Electra, one of the fastest growing operators in the country. The key principal of the Property, Joseph Lubeck, is CEO and Co-Manager of Robbins Electra and has executed similar business plans with aggregate deal capitalization in excess of $3 billion since 1991.
Lago Paradiso is located 20 miles southwest of Miami’s Central Business District and South Beach. This helps to strengthen the demand for the Property.
Key stats of the Miami/South Beach area:
Miami and South Florida is base to more than 1,100 multinational corporations, including American Airlines, Cisco, Exxon, FedEx, Microsoft, Sony, Visa and Wal-Mart.
The metro area has high demand as occupancy rates are 97 percent with rents increasing in the past 5 years.
The Property’s rent price point appeals to the middle and working class – one of the most stable tenant bases in multifamily. This base also achieves the highest rate of lease renewals. Overall, Miami ranked in the top 10 nationally for 2016 renewal rates.
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Mortar anticipates the equity crowdfunding fund will acquire 3 to 4 assets over the next 12 to 18 months, and estimates annual total returns for the Mortar Growth Fund I to be 18% to 24%+ over the hold period
New York, NY – Mortar Capital Management, LLC, a New York-based real estate development firm has launched its Mortar Growth Fund on RealCrowd.com, an equity crowdfunding platform for the residential and commercial real estate industry. Mortar is raising equity — the fund beginning at $100,000 for each accredited investor — offering IRA and 1031 exchange options as well.
Previously, Mortar had directed its offerings to past investors and their extended networks. Promoting the Mortar Growth Fund through RealCrowd allows a more widespread group of investors the opportunity to invest in New York City development.
Mortar anticipates the fund will acquire 3 to 4 assets over the next 12 to 18 months, and estimates annual total returns for the Mortar Growth Fund I to be 18% to 24%+ over the hold period.
New Mortar Growth Fund that Targets Regional New York-Based Crowdfunded Residential Real Estate Investment Opportunities for Accredited Investors
“Working with RealCrowd helps us introduce New York City investment exposure to investors outside of the region,” says Anthony Morena, principal of Mortar Capital Management.
Mortar Growth Fund invests in New York City residential real estate through both ground-up development and property rehabilitation. By leveraging years of development experience with on-the-ground market insight, Mortar Growth Fund capitalizes on underserved and growing residential markets in NYC.
Mortar Capital Management LLC represents a premier real estate development and investment management team with over 30 years of collective experience and expertise in construction, real estate development, investments and management.
Over the last 15 years, Mortar’s team has worked on various successfully completed real estate projects in the New York City area. Mortar’s team represents the skill sets of developers, architects, deal originators, construction managers and private investors with projects that have generated returns on both a rental and sales basis.
RealCrowd is one of the industry’s most active online luxury residential and commercial real estate marketplaces that provides investors with direct access to institutional quality investment opportunities without any fees, increasing both access and returns.
RealCrowd does this by providing institutional real estate companies (sponsors) with the technology that makes it easy for them to partner with a much larger pool of investors, resulting in significantly lower investment minimums and a better diversified portfolio of investments.
The platform enables sponsors to reduce transaction timelines, efficiently reach a network of millions of investors, and automate every aspect of investor and transaction management.
RealCrowd’s team is comprised of real estate industry professionals with over 30 years and $5 billion of combined transactional experience.
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