Novi at Concord - Preferred Equity
Three luxury apartment buildings in advanced stages of development in downtown Concord, N.C.
Location
Concord, NC
Investment Strategy
Opportunistic
Property Type
Multifamily
Open To
Accredited Investors
Closed Date
Jul 2023
Status
Closed Investment Strategies
.svg)
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 Denholtz Properties
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
 |
|
Sponsor Equity
$71,000,000
83.6285470120645%
Investor Equity
$13,899,239
16.3714529879355%
Senior Loan Amount
$0.00
0.0%
|
|
Total
$84,899,239
100%
|
||
On the CrowdStreet platform, offerings are treated pari-passu. |
||