Textile Apartments

An opportunity zone redevelopment from office to class A multifamily of the historic, 12-story Textile Building in the heart of downtown Cincinnati just blocks from multiple Fortune 500 company headquarters and overlooking the Bengals’ stadium.

Location Cincinnati, OH
Investment Strategy Opportunistic
Property Type Multifamily
Open To Accredited Investors
Closed Date Oct 2021
Opportunity Zone
Textile Apartments, a Multifamily real estate investment opportunity in Cincinnati, OH listed on the CrowdStreet Marketplace.
Status
deal_status_icon Closed

This offering was a Qualified Opportunity Zone (QOZ). Learn about the potential tax benefits of investing in Qualified Opportunity Zones.

Investment Strategies

Real Estate Investment Return Metrics
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Additional Information on Investor Return Metrics
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Sponsor Details

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

Read more about the Sponsors on the Marketplace

Private equity real estate - capital stack priority  
Capital Stack
Investor Equity
$13,739,746 20.7%
Sponsor Equity
$1,526,638 2.3%
HTC Equity
$11,297,231 17.0%
Senior Debt
$39,845,424 60.0%
Total
$66,409,040 100%

On the CrowdStreet platform, offerings are treated pari-passu.

Current Investment Opportunities

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36-story Property with 100% fair market units, acquired at a 15% discount to its previous transaction price from 2017, the Murray Hill property offers a compelling investment opportunity. Uniquely exempt from NYC rent regulation laws, the ongoing unit renovations aim to capture potential rent premiums.

Location
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Status
Open for Investment
Multifamily Value-Add

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