Updated over 2 years ago on . Most recent reply
Seeking lead LP for infill development deal in Denver (strong Co-GP, ready to build)
TL;DR We have two exclusive infill townhome development opportunities in Denver and we are looking for a primary Limited Partner (LP). Depending on the project selected, they have a 12-15 Month timeline with a projected 25%+ IRR to LP in that short timeframe. AND by the way, we are paying a $5-10k referral fee if you help us find the LP. More details below.
We have an offering memorandum we can send your way upon request or please email me at [email protected]
LP Equity (~$900k and $1.4m depending on which of the two deals). Each project is ready to break ground this year - with land fully entitled/permitted and building plans approved
About the Co-GP (Myself, Dakota Mivshek)
Personally, my career has been focused on residential real estate investments. Personally, I’ve worked through just about every rental strategy & explored different asset types. Professionally, I’ve led the acquisition of 350+ homes while deploying ~$250m+ into various markets with Bungalow Living. All the while, I’ve been attending conferences & meeting professionals throughout the industry. One of the main reoccurring observations is that there is a severe shortage of housing supply in this country — by some estimates, we are 3m+ units short of serving demand. Hence, development. Development is an incredible avenue but expertise is necessary to ensure costs are controlled, quality is controlled, and the exit is well planned.
And after evaluating & networking for over a year to find the right partner, we have an exclusive residential development opportunity to share wherein we are partnering with RedT homes in Denver, CO as a Co-GP seeking a primary equity LP.