You are invited to join Appelman Properties in purchasing this 352-unit, institutional quality apartment community in Jacksonville, FL. A 506(c) offering only for Accredited Investors.

Status:

COMING SOON

100% OFF-MARKET TRANSACTION WITH INSTITUTIONAL OWNERSHIP HISTORY

HIGHLY DESIRABLE SOUTHSIDE SUBMARKET CLOSE TO MAJOR EMPLOYMENT AND RETAIL CENTERS

HIGH-END VALUE-ADD UPSIDE THROUGH IMPROVING OPERATIONS, UNITS, AND COMMON AREAS

RENT HAS GROWN 4.2% ANNUALLY OVER THE PAST 5 YEARS

RENTS THROUGHOUT 2020 GREW 4.9% COMPARED TO THE NATIONAL AVERAGE OF 0.1% - 2.0%

CURRENT OFFERING:

Vista Pointe

352 UNITS

25,000

MINIMUM INVESTMENT

5-7 YEARS

TARGETED
EXIT PLAN

Targeted Investment Returns*

Cash on Cash Returns
(Avg including sale)

17.0% to 22.0%

Levered IRR (Net)

13% to 18%

Cash on Cash Returns
(Avg excluding sale)

7.5% to 9%

Equity Multiple (Net)

1.7x to 2.0x

Annual Cash on Cash Projections**

Year 1:

5.60%

Year 2:

8.00%

Year 3:

9.00%

Year 4:

9.50%

Year 5:

5.60%

*Based on 5 year hold for Class B Limited Partner Investment. Target returns represent ranges for base case, downside, and upside scenarios.

**Projected cash on cash returns are based on base case assumptions for the properties within the Fund Note: Projected returns are based on LP levels of Fund

Ready to get Started?

This offer is part of the Value-Add Fund. Click the button below to be redirected to the Fund page to view details with outlined steps for investing.

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