The crowdfunding investment platform Yieldstreet launched an offering for a multifamily property in the Houston suburb of Spring, Texas.
Park45 Apartments is a six-building, three-story, Class A garden-style living community 30 minutes north of downtown Houston. The property comes with amenities, including a 24-hour fitness center, a swimming pool with an outdoor grilling area, a dog park, conference rooms and a billiards room. The complex has a total of 180 units, with 150 of them built in 2018 and an additional 30 in 2021.
The new owner, July Residential, purchased the property in March for $34 million. The firm is opening up this $9.7 million equity offering in order to implement a value-adding investment into the property that will yield investors ...
Full story available on Benzinga.com
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Park45 Apartments is a six-building, three-story, Class A garden-style living community 30 minutes north of downtown Houston. The property comes with amenities, including a 24-hour fitness center, a swimming pool with an outdoor grilling area, a dog park, conference rooms and a billiards room. The complex has a total of 180 units, with 150 of them built in 2018 and an additional 30 in 2021.
The new owner, July Residential, purchased the property in March for $34 million. The firm is opening up this $9.7 million equity offering in order to implement a value-adding investment into the property that will yield investors ...
Full story available on Benzinga.com
Continue reading...