Portfolio Overview

Property Listings

Explore project details, development timelines, and community features for each of our multifamily real estate developments.

Sycamore at Christenbury
Concord, North Carolina
Property Overview
Transaction:

New Construction under the HUD 221(d)(4) Program
Total Project Cost:

$64,234,617
EB-5 Financing:

$3,000,000
LP Equity Capital Raised:

$10,000,000
Loan Amount:

$44,990,500
Fixed Interest Rate:

2.88%
Term:

42 Years
Estimated Completion Date:

August 2022
Occupancy Rate:

96%
Units:

275
Target Sale Price:

$97 million
Sycamore at Tyvola
Charlotte, North Carolina
Property Overview
Transaction:

Refinance under the HUD 223(a)(7) Program
Loan Amount:

$37,669,700
Fixed Interest Rate:

2.96%
Term:

40 Years
Occupancy Rate:

95%
Units:

288
Sale Price:

$96.3 million
The Osprey at Lake Norman
Mooresville, North Carolina
Property Overview
Transaction:

Refinance under the HUD 223(a)(7) Program
Loan Amount:

$37,669,700
Fixed Interest Rate:

2.96%
Term:

40 Years
Occupancy Rate:

96%
Units:

288
Sale Price:

$116 million
Cumberland Green
Millville, New Jersey
Property Overview
Transaction:

Refinance under the HUD IRR Program
Loan Amount:

$11,076,272
Fixed Interest Rate:

2.58%
Term:

35 Years
Occupancy Rate:

96%
Units:

280
Sale Price:

$43 million
Rivers Bend
Carneys Point, New Jersey
Property Overview
Transaction:

Refinance under the Fannie Mae Program
Loan Amount:

$8,500,000
Fixed Interest Rate:

2.19%
Term:

10 Years
Units:

240
Sale Price:

$33 million
Ashley Park
Raleigh, North Carolina
Property Overview
Transaction:

Refinance under the HUD 223(f) Program
Loan Amount:

$38,521,000
Fixed Interest Rate:

2.56%
Term:

35 Years
Units:

374
Sale Price:

$84 million
School Bell Apartments
Bear, Delaware
Property Overview
Transaction:

Refinance under the HUD 223(f) Program
Loan Amount:

$23,371,500
Fixed Interest Rate:

2.79%
Term:

35 Years
Units:

240
Sale Price:

$65 million
Tyvola Centre Apartments
Charlotte, North Carolina
Property Overview
Transaction:

Refinance under the HUD 223(a)(7) Program
Loan Amount:

$25,134,200
Fixed Interest Rate:

2.94%
Term:

35 Years
Units:

404
Sale Price:

$88 million

Current Investment Opportunity

Sycamore at Burlington

Sycamore at Burlington is designed to meet increasing housing demand through thoughtfully planned multifamily living, upscale amenities, and operational efficiency. The unique octagon-shaped building design maximizes rental potential by offering eight corner units per floor, twice the number typically found in upscale and garden-style apartment communities.

Strategic Location
- Located along the I-40/I-85 corridor in Central North Carolina, Sycamore at Burlington provides access to major universities, healthcare systems, research institutions, and a regional economy home to more than 7,000 companies.
Key Development Details
- 275 residential units
- High-end clubhouse, resort-style amenities, and recreational facilities
- Eight Corner Units Per Floor: The distinctive octagonal building design creates twice as many corner units as conventional buildings
Capital Structure & Financing
- 71.7% HUD loan
- 13.3% equity
- 15.0% other
Investment Overview
- 20.5% projected limited partner levered IRR
- Minimum Investment: 2 units for total $200,000
- 4–5 year projected investment horizon