Granite Towers
110+ Units / Dallas, TX
Details
We are very excited to announce that we have been awarded a 110+ unit apartment community in one of the top job markets in the United States, Dallas/ Fort Worth, TX! This asset has tremendous value add potential and is located in a phenomenal location close to many major economic divers in the Dallas-Fort Worth market. Below are a few details about the asset and this upcoming investment opportunity.
We will be emailing you in the next couple of weeks with further details about the investment opportunity, the webinar date, and when the offering will open to our investors.
- Sponsorship team: Michael Roeder, Dan Brisse, & Steve Nabity
- Number of units: 110+
- Asset Class: B Class 55+ Community
- Debt: Fixed (Extremely Important In This Rising Rate Environment)
- 5 Year Projected Total Return: 95%+
- Annual Cash on Cash Projected Return: 5%+
- Capital Raise: ~$7,800,000
- Estimated Date investment Will Open to Investors: Late May 2022
- Estimated Time of Closing: Early July 2022
If you are interested in receiving additional information about this investment opportunity please click the investor interest button below.
Filling out the below form does not require you to invest – it simply provides us with your interest level.
- Consistent cash-flowing property with 5%+ annualized cash flow
- 95%+ overall five year returns
- Current stabilized property at 95%+ occupancy
- History of high occupancy rates
- Strong Dallas/Fort Worth growth submarket, in excellent submarket location
- Repeat experienced property management company managing after the close. We have significant experience operating assets with this team.
- 55+ community which Granite Towers and our property management company have significant experience. Our other 55+ community has been one of our top performers in the DFW market! Tenants pay on time, retention is extremely high & tenants truly care about the property and their units!
- Value-add opportunity
- Exceptional depreciation losses for 2022!
- Minimum investment $50,000 (Cash & Solo 401k funds acceptable / IRA funds may be accepted depending on timelines)
We are currently working on completing a signed Purchase Sale Agreement (PSA) and expect to have a signed contract late this week.
Thank you for being so interested. We will follow up with more information once the purchase agreement is finalized!
Dan Brisse, Mike Roeder & Steve Nabity
