Our Next Event: Alts Expo - October 4th
Next Event: Alts Expo - Oct 4th
Solace of Ballpark Village – Goodyear, AZ
• 211-Unit Ground Up Multifamily Project in High Growth Phoenix Suburb of Goodyear, AZ
• Fully Entitled and in for Permitting – Construction Start in
• January 2021, Completion in Q3 2022
• $44M Project Cost – Seeking $11.34M in Qualified Opportunity
• Zone Equity after $1.26M in GP Equity Commitment
• Jackson Dearborn Partners + Sub4 Development – Established Sponsor with nearly 2,000 multi-family units and 4,000 student housing beds
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• 40 Completed or ongoing Ground Up Construction Projects including $300M Development Pipeline and Seven Opportunity Zone Projects
• Chicago and Champaign, IL-based group with an office in Scottsdale and three projects in the works in Phoenix, MSA
• Equity is 90% LP, 10% GP, 8% Preferred Return and then cash & capital distributed 70% to LP, 30% to GP
• Minimum investment of $25K, closing on or before 12/31/2020,
• 10 year term for full Opportunity Zone Tax Benefits
• Project Level Returns of 18.7% IRR, 3.24x, Investor Level
• Returns of 15.5%, 2.60x (prior to QOZ Tax Benefits)
Fund Manager: | Jackson Dearborn Partners |
Asset Classes: | Real Estate |
Fund Size: | $13M |
Minimum Investment: | $25K |
Portfolio Type: | Single-Asset |
Fund Status: | Closed |
Investment Locations: | Arizona |
Property Types: | Multi-Family Housing |
Fund Contact Information
For additional information on this fund, contact:
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Sean Lyons
312-878-7363
[email protected]
jacksondearborn.com
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