Packard Row
Status
Closed Boutique Class-A multifamily development in Ann Arbor, MI, a high-barrier-to-entry college town market with solid fundamentals and a top-rated place to live by multiple outlets.
Location
Ann Arbor, MI
Investment Strategy
Opportunistic
Property Type
Multifamily
Open To
Accredited Investors
Closed Date
Jul 2023
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 Jackson Dearborn Partners, LLC
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
$5,892,000
22.0%
Sponsor Equity
$655,000
2.4%
Preferred Equity
$2,683,000
10.0%
Senior Debt
$17,600,000
65.6%
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Total
$26,830,000
100%
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On the CrowdStreet platform, offerings are treated pari-passu. |
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