1823 L Street NW
A 99-unit, furnished apartment complex, 100% Master Leased to a $1.9B+ short-term rental provider. With a Walk Score of 97 and Transit Score of 99, 1823 L Street.
Location
Washington, D.C.
Investment Strategy
Core-Plus
Property Type
Multifamily
Open To
Accredited Investors
Closed Date
Feb 2022
Status
Closed Investment Strategies
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*As reported by Investopedia, on 12/31/22, based on a variety of factors.
Sponsor Details
Other Offerings by Urban Investment Partners
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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Sponsor Equity
$1,055,321.00
2.632168757145225%
Investor Equity
$9,497,891.00
23.689523802682608%
Senior Loan Amount
$29,540,000
73.67830744017216%
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Total
$40,093,212
100%
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On the CrowdStreet platform, offerings are treated pari-passu. |
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