Private Equity Real Estate Investment Offering For Multifamily Acquisition With 19% Target IRR

The real estate investment platform Crowdstreet is hosting a new offering in America’s sunbelt. The Parc 410 Apartments is a 344-unit multifamily community located in Leon Valley, Texas, which is part of the San Antonio submarket. The property will offer residents easy access to the 410 freeway that sees over 200,000 cars pass by every day.

The 410 also offers residents an easy thoroughfare to San Antonio’s most prominent employers, including Valero Energy Corp. (NYSE: VLO), Oracle Corporation (NYSE: ORCL), Merrill Lynch and USAA. The current owner is experiencing financial distress related to rising interest rates and is selling the property off-market. The sponsors can acquire Parc 410 for roughly $122,000 per unit, which represents a tremendous savings on the current market price of $200,000 per unit on comparable developments.

Investment Highlights​

The Parc 410 is being sponsored by ...

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