Artistry Apartments
Newly constructed, 99%-leased multifamily complex located on Central Avenue, the restaurant, nightlife, and art center for the greater Tampa/St. Petersburg MSA.
Location
St. Petersburg, FL
Investment Strategy
Core-Plus
Property Type
Multifamily
Open To
Accredited Investors
Closed Date
Nov 2021
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 Avanti Residential
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
$34,933,417
36.6%
Sponsor Equity
$1,838,601
1.9%
Ground Lease Proceeds
$32,000,000
33.5%
Senior Debt
$26,626,000
27.9%
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Total
$95,398,016
100%
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On the CrowdStreet platform, offerings are treated pari-passu. |
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