Portfolio
EMainApartments
- Close Date- 2/15/2023
- Deal Size- $1,275,000
- Asset Type- Multifamily
- Preferred Returns- 6%
- LP Estimated IRR- 16%
- LP Distributions- 70%
- Proforma Equity Multiple- 1.9
- Spartanburg, South Carolina
Description: Acquisition and value add of multifamily community in a redeveloping section of Downtown Spartanburg, South Carolina.
CityViewApartments
- Close Date- 2/15/2023
- Deal Size- $3,600,000
- Asset Type- Multifamily
- Preferred Returns- 6%
- LP Estimated IRR- 16%
- LP Distributions- 70%
- Proforma Equity Multiple- 1.9
- Spartanburg, South Carolina
Description: City View Apartments is adjacent to the City of Spartanburg’s $500million dollar redevelopment of its downtown corriod to include retail, office, and a brand new minor league baseball stadium.
OakwoodApartments
- Close Date- 6/15/2023
- Deal Size- $1,200,000
- Asset Type- Multifamily
- Preferred Returns- 7%
- LP Estimated IRR- 16%
- LP Distributions- 70%
- Proforma Equity Multiple- 1.9
- Spartanburg, South Carolina
Description: Acquisition and value add conversion of student housing community into traditional long term multifamily housing in Spartanburg, South Carolina.
FusionPointe
- Close Date- 8/15/2022
- Deal Size- $12,500,000
- Asset Type- Multifamily
- Preferred Returns- 7%
- LP Estimated IRR- 17%
- LP Distributions- 70%
- Proforma Equity Multiple- 2.1
- Spartanburg, South Carolina
Description: Acquisition and value add conversion of student housing community into traditional long term multifamily housing in Spartanburg, South Carolina.
TheOslo
- Close Date- 8/15/2023
- Deal Size- $4,200,000
- Asset Type- For Sale Townhomes
- Preferred Returns-
- LP Estimated IRR- 25%
- LP Distributions- 50%
- Proforma Equity Multiple- 2.2
- Spartanburg, South Carolina
Description: Acquisition and value add of multifamily community in a redeveloping section of Downtown Spartanburg, South Carolina.
VRCFundII
- Close Date- 1/15/2024
- Deal Size- $3,000,000
- Asset Type- Single Family Debt Fund
- Preferred Returns- 12%
- LP Estimated IRR- 15%
- LP Distributions-
- Proforma Equity Multiple- 1.36
- Greenville-Spartanburg, South Carolina
Description: Acquisition and value add conversion of student housing community into traditional long term multifamily housing in Spartanburg, South Carolina.
PelhamCrossing
- Close Date- 2/15/2023
- Deal Size- $3,200,000
- Asset Type- Lot Development
- Preferred Returns-
- LP Estimated IRR- 29%
- LP Distributions- 50%
- Proforma Equity Multiple- 2.2
- Greenville, South Carolina
Description: Acquisition and development of a single family community in Greenville, South Carolina for a national home builder who will purchase 100% of the community upon completion.
AlpineHeights
- Close Date- 7/15/2023
- Deal Size- $1,100,000
- Asset Type- Lot Development
- Preferred Returns-
- LP Estimated IRR- 15%
- LP Distributions- 50%
- Proforma Equity Multiple- 1.5
- Anderson, South Carolina
Description: Acquisition and development of a single family community in Anderson, South Carolina for a regional home builder who will purchase 100% of the community upon completion.
Arlington16
- Close Date- 12/15/2022
- Deal Size- $2,850,000
- Asset Type- Build to Rent
- Preferred Returns- 10%
- LP Estimated IRR- 18%
- LP Distributions- 60%
- Proforma Equity Multiple- 1.9
- Greer, South Carolina
Description: Acquisition and development of a townhome home community for rent in Greenville, South Carolina.
MarbleBlackwoodFund
- Close Date- 9/15/2023
- Deal Size- $650,000
- Asset Type- Single Family Debt Fund
- Preferred Returns-
- LP Estimated IRR- 25%
- LP Distributions- 50%
- Proforma Equity Multiple- 1.5
- Greenville, South Carolina
Description: Acquisition and development of a for sale townhome community in Greenville, South Carolina
707WParkerFund
- Close Date- 1/15/2024
- Deal Size- $650,000
- Asset Type- Single Family Debt Fund
- Preferred Returns-
- LP Estimated IRR- 25%
- LP Distributions- 50%
- Proforma Equity Multiple- 1.5
- Greenville, South Carolina
Description: Acquisition and development of a for sale townhome community in Greenville, South Carolina
CottageGardens
- Close Date- 10/15/2023
- Deal Size- $14,550,000
- Asset Type- Multifamily
- Preferred Returns- 7%
- LP Estimated IRR- 16%
- LP Distributions- 70%
- Proforma Equity Multiple- 1.9
- Greensboro, North Carolina
Description: Acquisition and development of a 1.5 acre site in Downtown Spartanburg into a 20 unit for sale town home community. In addition to revenue from the sale of the townhomes, the project will also receive $700,000 in tax credits from the State of South Carolina.
FusionPointe
- Close Date- 8/15/2022
- Deal Size- $12,500,000
- Asset Type- Multifamily
- Preferred Returns- 7%
- LP Estimated IRR- 17%
- LP Distributions- 70%
- Proforma Equity Multiple- 2.1
- Spartanburg, South Carolina
Description: Acquisition and value add conversion of student housing community into traditional long term multifamily housing in Spartanburg, South Carolina.
EMainApartments
- Close Date- 2/15/2023
- Deal Size- $1,275,000
- Asset Type- Multifamily
- Preferred Returns- 6%
- LP Estimated IRR- 16%
- LP Distributions- 70%
- Proforma Equity Multiple- 1.9
- Spartanburg, South Carolina
Description: Acquisition and value add of multifamily community in a redeveloping Prajwal section of Downtown Spartanburg, South Carolina.
CityViewApartments
- Close Date- 2/15/2023
- Deal Size- $3,600,000
- Asset Type- Multifamily
- Preferred Returns- 6%
- LP Estimated IRR- 16%
- LP Distributions- 70%
- Proforma Equity Multiple- 1.9
- Spartanburg, South Carolina
Description: City View Apartments is adjacent to the City of Spartanburg’s $500million dollar redevelopment of its downtown corriod to include retail, office, and a brand new minor league baseball stadium.
OakwoodApartments
- Close Date- 6/15/2023
- Deal Size- $1,200,000
- Asset Type- Multifamily
- Preferred Returns- 7%
- LP Estimated IRR- 16%
- LP Distributions- 70%
- Proforma Equity Multiple- 1.9
- Spartanburg, South Carolina
Description: Acquisition and value add conversion of student housing community into traditional long term multifamily housing in Spartanburg, South Carolina.
CottageGardens
- Close Date- 10/15/2023
- Deal Size- Gardens--$14,550,000
- Asset Type- Multifamily
- Preferred Returns- 7%
- LP Estimated IRR- 16%
- LP Distributions- 70%
- Proforma Equity Multiple- 1.9
- Greensboro, North Carolina
Description: Acquisition and development of a 1.5 acre site in Downtown Spartanburg into a 20 unit for sale town home community. In addition to revenue from the sale of the townhomes, the project will also receive $700,000 in tax credits from the State of South Carolina.
TheOslo
- Close Date- 8/15/2023
- Deal Size- $4,200,000
- Asset Type- For Sale Townhomes
- Preferred Returns-
- LP Estimated IRR- 25%
- LP Distributions- 50%
- Proforma Equity Multiple- 2.2
- Spartanburg, South Carolina
Description: Acquisition and value add of multifamily community in a redeveloping section of Downtown Spartanburg, South Carolina.
PelhamCrossing
- Close Date- 2/15/2023
- Deal Size- $3,200,000
- Asset Type- Lot Development
- Preferred Returns-
- LP Estimated IRR- 29%
- LP Distributions- 50%
- Proforma Equity Multiple- 2.2
- Greenville, South Carolina
Description: Acquisition and development of a single family community in Greenville, South Carolina for a national home builder who will purchase 100% of the community upon completion.
AlpineHeights
- Close Date- 7/15/2023
- Deal Size- $1,100,000
- Asset Type- Lot Development
- Preferred Returns-
- LP Estimated IRR- 15%
- LP Distributions- 50%
- Proforma Equity Multiple- 1.5
- Anderson, South Carolina
Description: Acquisition and development of a single family community in Anderson, South Carolina for a regional home builder who will purchase 100% of the community upon completion.
VRCFundII
- Close Date- 1/15/2024
- Deal Size- $3,000,000
- Asset Type- Single Family Debt Fund
- Preferred Returns- 12%
- LP Estimated IRR- 15%
- LP Distributions-
- Proforma Equity Multiple- 1.36
- Greenville-Spartanburg, South Carolina
Description: Acquisition and value add conversion of student housing community into traditional long term multifamily housing in Spartanburg, South Carolina.
MarbleBlackwoodFund
- Close Date- 9/15/2023
- Deal Size- $650,000
- Asset Type- Single Family Debt Fund
- Preferred Returns-
- LP Estimated IRR- 25%
- LP Distributions- 50%
- Proforma Equity Multiple- 1.5
- Greenville, South Carolina
Description: Acquisition and development of a for sale townhome community in Greenville, South Carolina
707WParkerFund
- Close Date- 1/15/2024
- Deal Size- $650,000
- Asset Type- Single Family Debt Fund
- Preferred Returns-
- LP Estimated IRR- 25%
- LP Distributions- 50%
- Proforma Equity Multiple- 1.5
- Greenville, South Carolina
Description: Acquisition and development of a for sale townhome community in Greenville, South Carolina
Arlington16
- Close Date- 12/15/2022
- Deal Size- $2,850,000
- Asset Type- Build to Rent
- Preferred Returns- 10%
- LP Estimated IRR- 18%
- LP Distributions- 60%
- Proforma Equity Multiple- 1.9
- Greer, South Carolina
Description: Acquisition and development of a townhome home community for rent in Greenville, South Carolina.
VILLAGEGROVE
- Close Date-
- Deal Size-
- Asset Type-
- Preferred Returns-
- LP Estimated IRR-
- LP Distributions-
- Proforma Equity Multiple-
- Spartanburg, SC
Description: Acquisition and development of a townhome home community for rent in Spartanburg, SC.