Crosswater Portfolio - Offering Memorandum.pdf

Offering Memorandum · filed December 2, 2021 · 52 pages · deal: Crosswater Portfolio
Page 3
Property overview

470 Cross Street | Charlotte, NC 28277

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Location: Charlotte, North Carolina; suburban submarket

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Page 4
Property description

Product type: garden multi-family, built 1999; class B+

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Page 5
Unit mix

Unit mix: 105 one-bedroom, 150 two-bedroom, 45 three-bedroom; 300 units in total

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Page 9
Market overview

Submarket: suburban Charlotte; commuter suburb with new-household growth above the metro average

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Page 12
Investment highlights

Projected 15.6% levered IRR and a 2.19x equity multiple over a 6-year hold

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On file

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