Updated about 10 years ago on . Most recent reply
Wisconsin Senior Housing Development - Real Estate Crowdfunding
We're pleased to announce that the due dilligence process on our Village Pointe Commons offering has been completed, and that the deal is now accepting investments.
Village Pointe Commons will be a 227 unit senior housing campus in the village of Grafton, Wisconsin, located in the Milwaukee MSA. Village Pointe Commons will provide both independent apartments for active seniors, along with multiple levels of service to meet the needs of senior residents. The project’s construction began during the week of August 21, 2015, and is due for completion by early-to-mid 2017. Initial units are expected to be ready for occupancy by late 2016. The sponsor is making its own capital contribution of approximately $4.7 million, giving it a large equity stake in the project's success.
Over $4 million of this $5.2 million offering has already been committed, so if you're interested in participating in this deal, we encourage you to complete your investment today.
Investment Financials
Projected IRR: 20-22%
Offering Size: $5,200,000
Underlying Security: Equity with Preferred Return and 1st Priority cash flow and capital distributions before developer’s and sponsor’s equity
Property Type: Senior Housing (Independent Living + Assisted Living)
Investment (Phase) Type: Development, New Construction
Term Length: Projected 4–5 years for return of capital investment; investment hold period in years 7-10 with put/call options to begin cash out in year 7
Minimum Investment: $5,000
To learn more about this offering, visit PeerRealty.com.