Parkside Place
Status
Closed Preferred equity in a 384-unit Class A apartment community located 19 miles northwest of the Houston CBD in Spring, Texas.
Location
Spring, TX
Investment Strategy
Core-Plus
Property Type
Multifamily
Open To
Accredited Investors
Closed Date
Oct 2017
Investment Strategies
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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 Ilan Investments
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 Co-Invest
$2,291,920
4.7%
Sponsor Led (TIC)
$8,128,080
16.7%
Pref. Equity (CS)
$1,950,000
4.0%
Senior Debt
$36,400,000
74.6%
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Total
$48,770,000
100%
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On the CrowdStreet platform, offerings are treated pari-passu. |
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