Millennium Apartments - across from Amazon HQ2
A 300-unit, 2010-vintage, apartment complex just across a 2-acre green space from Amazon HQ2 in Arlington, VA that will undergo a value-add strategy to raise the property to Class A+ spec.
Location
Arlington, VA
Investment Strategy
Value-Add
Property Type
Multifamily
Open To
Accredited Investors
Closed Date
Jan 2022
Status
Closed Investment Strategies
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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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Washington Capital
$54,957,830
25.6%
CS Equity
$15,954,799
7.4%
UIP/Churchill GP Equity
$8,206,486
3.8%
Senior Debt
$135,300,000
63.1%
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Total
$214,419,120
100%
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