Six Reasons to Invest in This Deal
Strong Performance During COVID
The property is in high demand during COVID, thanks to its unparalleled outdoor amenity package, and has high occupancy and collections.
Strongest Market Today
Atlanta is one of the only 3 markets in the U.S. with higher rents than pre-COVID levels. Blue Lake's Atlanta MSA portfolio NOI has seen a 30% increase.
This is a very conservative deal with very conservative underwriting. We assume minimal rent increases and renovations in Year 1, as well as increasing delinquencies and vacancies.
Skin in the Game
All GP partners personally invest in the deal for a total amount of about $1M and personally guarantee the loan. GPs are one of the largest LPs in the deal.
High Demand from Big Players
Family Offices and institutional groups are currently looking to place $6M check because they like the market and how conservative this deal is.
Investors receive a 7% preferred return, which means that the sponsors will get its equity split only after investors have received their pref..
Deal Size: 494 units
Location: Marietta, GA (Atlanta MSA)
Conservative Underwriting: 0% rent increases and zero renovations during Y1.
Debt: 2.86% interest rate (fixed). Subject to Lender final approval.
Business Plan: renovate 80% of the units to match to current renovation.
Minimum Investment: $50,000 (depending on share class)
Hold Period: 5 years
Self-Directed IRA/401K investment options available
This investment opportunity is open to Accredited Investors only. This is not an offer to sell securities. Investing involves substantial risks. Refer to the private placement memorandum in the link below for information.
Investment Opportunity at a Glance
5 YEAR HOLD
PROJ RETURNS 13% IRR
Blue Lake Capital, in partnership with Vive Funds, is proud to
announce the opening of a $100M Multifamily Investment Fund: REV Fund.