Georgetown Village & Timberlane Apartments
Status
Realized Value-add opportunity to invest in two multifamily apartment complexes located in Spartanburg, SC with 74 and 92 units, respectively.
Location
Spartanburg, SC
Investment Strategy
Value-Add
Property Type
Multifamily
Open To
Accredited Investors
Closed Date
Apr 2019
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 RREAF
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
$370,500.00
3.081081081081081%
Investor Equity
$3,334,500.00
27.72972972972973%
Senior Loan Amount
$8,320,000.00
69.1891891891892%
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Total
$12,025,000
100%
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