Presidium Velocity
Opportunity Zone multifamily development in Austin, TX, minutes from Tesla’s new $1.1B Gigafactory, to be located in a new, walkable master-planned community.
Location
Austin, TX
Investment Strategy
Development
Property Type
Multifamily
Open To
Accredited Investors
Closed Date
Apr 2023
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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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 Presidium Group
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 Equity
$1,732,885.00
2.313360586698634%
Investor Equity
$32,924,806
43.95383913248641%
Senior Loan Amount
$40,250,000
53.73280028081495%
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Total
$74,907,691
100%
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