Villas at WaterSide
Status
Closed A Class A+, 296-Unit Multifamily Development Located in Lenexa, Kansas
Location
Lenexa, KS
Investment Strategy
Opportunistic
Property Type
Multifamily
Open To
Accredited Investors
Closed Date
Oct 2019
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 Block Funds
- Westowne Center Retail
- Barrington Park Townhomes
- The Royale at CityPlace
- 8750 Associates LLC (Exchanged into PVIC 5 & Woodland Park)
- 46 Penn Centre
- The Grand fka Traders on Grand
- Village at Juban Associates, LLC (Exchanged into Staples Bldg, Rupple Townhomes and Pebblebrooke Villas)
- The WaterSide Residences on Quivira (WRQ Associates 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
$10,891,422
18.0%
Sponsor Co-Investment
$2,722,855
4.5%
Pref. Equity
$4,500,000
7.5%
Senior Debt
$42,266,647
70.0%
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Total
$60,380,924
100%
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On the CrowdStreet platform, offerings are treated pari-passu. |
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