1425 New York Avenue
The repositioning of a 287,000-SF vacant office property into a Class A+ residential community. Once complete, the Project will be the closest residence to the White House.
Location
Washington, DC
Investment Strategy
Opportunistic
Property Type
Multifamily
Open To
Accredited Investors
Closed Date
Nov 2021
Status
Closed Investment Strategies
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There is a reason Investopedia has named us Best Overall Real Estate Crowdfunding Platform three years in a row.
*As reported by Investopedia, on 12/31/22, based on a variety of factors.
Sponsor Details
Other Offerings by Foulger-Pratt
Sponsor Designation
CrowdStreet categorizes sponsors based on their experience and track record so our investors can get a sense of the firm behind the deal.
Enterprise
FIRM AGE15+ YEARS
LEADERSHIP EXPERIENCE30+ YEARS
PORTFOLIO VALUE$5 B +
National Platform
Ranked in the top 250 for estimated value of total holdings per Real Capital Analytics
Tenured
FIRM AGE10+ YEARS
LEADERSHIP EXPERIENCE20+ YEARS
PORTFOLIO VALUE$500 MM +
Leadership has invested together over multiple cycles
Dedicated investor relations and accounting staff
Seasoned
FIRM AGE5+ YEARS
LEADERSHIP EXPERIENCE10+ YEARS
PORTFOLIO VALUE$100 MM +
Network of repeat investors
Established banking relationships
Affiliations with national industry associations ULI, NAOIP, CCIM, SIOR or IREM
Emerging
FIRM AGE< 5 YEARS
LEADERSHIP EXPERIENCE2-5 YEARS
PORTFOLIO VALUE< $100 MM +
Strong leadership experience
Experience in the proposed asset class and geographic market
Experience in managing individual investors
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Investor Equity
$23,267,711
37.6%
Sponsor Co-Investment
$2,585,301
4.2%
Preferred Equity
$7,500,000
12.1%
Senior Debt
$28,600,000
46.2%
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Total
$61,953,012
100%
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On the CrowdStreet platform, offerings are treated pari-passu. |
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