Updated 5 days ago on .
Offering $60k instant equity - Value Add Multifamily from Praxis, great performing
Offering $60k in instant Equity – I own a Value Add Multifamily fund from Praxis Capital (Brian Burke), well performing that I am looking to sell due to unforeseen life events.
I own a $200k share but offering 30% / $60k instant equity as I am willing to sell for $140k for a quick sale!
Preferred Return 8% paying quarterly PLUS upside from sale of properties after improvements for total projected IRR of 15%
PM Multifamily Value Fund VII: Comprised of Three Value Add Multifamily Properties in Suburbs of Atlanta, GA.
- Properties: Aubrey's Landing (Cumming, GA), Lost Mountain (Dallas, GA), Magnolia Commons (Hiram, GA)
- Total Units: 584
- Initial Acquisition Date: December 2021
- Investment Target Summary: 5 Year Hold (up to 10 years), Preferred Return 8%, Levered IRR13%-15%, Cash-on-Cash Avg 6%-7%, Equity Multiple 1.7x - 1.9x
- Renovation: 95% of units renovated in 2023-2024
- Managed By: Praxis Capital, Inc. (20 years in business, managing over 100k units)
- Date Invested: December 2021
- My Initial Investment: $200k
• • Location Benefits: The suburbs of Atlanta are experiencing rapid population growth due to their appealing mix of affordable living, quality schools, and expanding job opportunities. The demand for quality rental properties in these growing suburbs is increasing, particularly in well-renovated units that provide modern amenities.
Thank you. For questions and interested please reach out to me at (858)255-0056
Martin



