Hi Y’all 🤗
I'm excited to share with you an investing opportunity called Rise Spring Pointe - a 323 unit multifamily property in Fort Worth. Opening from Feb 6th 2024 to Feb 16th 2024.
If you are reading this, you know that investing is kinda my "love language" and you guys are my kind of people. 🤭
I partnered with Rise 48 Equity back in 2023 on Rise Heather Ridge and Rise Skyline.
Quite few of you have invested in those deals with me. 😌 Congratulations again if you did! 🥂
Some of you invested in both assets and that’s so amazing to see how you really prepare for your Financial Independence Day.
I hope you have been enjoying the “cha-ching” distribution and the reports every month!
This deal, I partnered with Rise 48 Equity again.
Why? Because I continue to believe in their ability to pick up the right assets, increase their value and exit successfully, benefitting tenants and investors like us in the process. 🤑
I will be investing in this deal, just like I did with other deals 🚀
Approximate returns
1.9 - 2.0X
Equity Multiple in 5 years
18 - 21%
Average annual returns
4 - 7%
yearly average cash flow
2 - 5 years
Hold time
Monthly
Distributions and reports
$50,000
Minimum investment
With limited spots, the investment operates on a first-funded basis. Your commitment is secured once we receive your funds.
Why this investment?
1. It's a great deal 🙌🏼
The purchase price is 25% discounted compared to other similar properties in the area because we are buying from a distressed seller - completely off-market.
This deal is sourced completely off-market with no competition from anyone else. We're buying the property at $108,000/unit, the lowest price per unit of any Rise48 deal purchased in Dallas-Fort Worth.
Rent growth in Dallas-Fort Worth ranks among the top markets in the western US with 2.3% organic rent growth from Q2 2022 to Q2 2023 (RealPage Analytics).
Population growth in Dallas-Fort Worth was ranked the #1 metro in the US from 2020 - 2021 (US Census Bureau).
Job growth in Dallas-Fort Worth was ranked #2 in the US in 2022 (US Bureau of Labor Statistics).
2. Excellent operator ✌🏼
Rise 48 bought 48 deals and had sold 11 deals so far. All made really good returns to investors. The founders personally invest significant capital into each property alongside their investors.
That's some important alignment that I am looking for in an operator team. 😎
With strong fundamentals, vertically integrated management, and their experienced, local teams, they are well positioned to execute their business plans.
Watch the webinar below where our team and Zach - the founder of Rise48 presenting the deal and explaining the business plan.
3. Value-add chance + fast execution 🚀
Rise Spring Pointe is a B+ class asset located in a B+ submarket of Dallas-Fort Worth, Texas. The property is located in the premium South Fort Worth submarket. It is nestled in between major freeway systems like the I-20 and I-35, which allows tenants to reach major employment hubs within minutes.
• 1 mile from Texas Health Harris Methodist Hospital (1,900+ employees)
• 4 miles away from Texas Christian University (2,200+ employees)
• 7 miles away from Alcon’s US headquarters (4,500+ employees)
The property was built in 1984 with 100% of the units having classic interiors. This means that Rise 48 will be able to renovate all of the units and increase rents over the next 24 months with their platinum interior program with new vinyl plank flooring, quartz countertops, stainless steel appliances, brand new cabinets, and other interior features. In addition, Rise48 will add washers and dryers to 100% of the interiors to achieve an additional $50+ rent increase per unit.
The asset will be rebranded to “Rise Spring Pointe” with new exterior paint, a new monument sign, and improved marketing banners.
Rise 48 has been renovating a lot of units at a great speed and they were able to increase rents at similar properties in the same Dallas-Fort Worth market.
I was at their properties and saw the exterior renovation were being done just 1 month in after closing. 👀
Deadlines:
Signed Docs Due: 2/28/2024
Funding Due: 03/05/2024
Closing: 3/8/2024
FAQs
Q: When is the deadline to invest? ⏰
The deal is open from February 5th. You can soft commit right away. First fund first serve, so please wire as soon as you can after that. Funding accepted until February 16th.
Q: What is the minimum investment? 💰
$50,000
Q: Can I refer a friend? 🤗
Yes, your referral automatically satisfies the pre-existing relationship requirement from the SEC for our investment opportunities. Feel free to forward this email to your friends and family.
Q: Can I invest with my retirement account? 🌱
Yes, Self Directed IRA (SDIRA) funds are accepted to help decrease your dependence on the stock market roller coaster.
Q: Any special perks for Real Estate professionals? 🏡
Yes! Real estate professional investors can have tax benefits through cost segregation.
Q: I have a couple questions, can we chat? 📲
Absolutely! Text me, DM me, I'd be happy to hop on a call with you and answer any questions you have about this deal or otherwise. To grab 30 minutes on my Calendly click here.
With limited spots, the investment operates on a first-funded basis. Your commitment is secured once we receive your funds.
