CrowdStreet, a real estate investing platform, is opening up two new commercial real estate investment opportunities next week with target annual returns of 19% and 23%.
Midlothian Industrial Center: The offering is for an investment in the development of a two-building industrial center in Midlothian, Texas, that will span approximately 341,000 square feet.
The project site is located across US 69 from RailPort Business Park, a 1,700-acre business park that is home to the 1.35 million square foot Target (NYSE: TGT) Distribution Center and Google’s (NASDAQ: GOOG) $600 million data center.
Investing begins on Aug. 24, 2021.
Minimum Investment: $25,000
Target IRR: 19%
Target Average Cash Yield: 4.3%
Target Equity Multiple: 1.6X
Target Investment Period: Three years
The offering is being sponsored by Provident Realty Advisors, which currently has $1.9 billion in assets under management, including its six prior offerings on CrowdStreet. All of the company’s prior CrowdStreet offerings that are out of development are either performing as planned or overperforming.
Institutional Access GP Fund: The fund’s primary focus will be to invest in general partner positions in ground-up multifamily development as well as value-add multifamily opportunities alongside institutional investors. The fund is available to qualified purchasers only.
Investing begins on Aug. 23, 2021
Minimum Investment: $50,000
Target IRR: 23%
Target Investment Period: Two years plus one six-month extension option
The offering is being sponsored by Cypress Equity Investments, LLC which has invested in a total of 119 projects and has a portfolio and pipeline of over 13,000 multifamily units.
Photo: courtesy of CrowdStreet.
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