Asher Adams/Union Station Opportunity Zone
Historic 1908 train depot to new Marriott Autograph Collection hotel and Live Nation concert venue adaptive reuse project, offering Opportunity Zone tax benefits.
Location
Salt Lake City, UT
Investment Strategy
Opportunistic
Property Type
Mixed Use
Open To
Accredited Investors
Closed Date
Jun 2022
Opportunity Zone
Status
Closed This offering was a Qualified Opportunity Zone (QOZ). Learn about the potential tax benefits of investing in Qualified Opportunity Zones.
Investment Strategies
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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
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Investor Equity
$40,478,760
31.2%
Sponsor Co-Invest
$4,497,640
3.5%
RDA Loan
$7,000,000
5.4%
Senior Debt
$77,964,600
60.0%
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Total
$129,941,000
100%
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On the CrowdStreet platform, offerings are treated pari-passu. |
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