3939 Rosemeade Apartments

Multi-Family Property
Experienced Plus Sponsor
Archway Holdings Corp
Beverly Hills, CA

Offered By

Archway Holdings Corp

Beverly Hills, CA

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Assets Under
Management

Currently
$500MM 20+ assets
Exited
$118MM less than 10 assets
Portfolio LTV
60%  
Historical
Realized Returns

Total IRR
36%  
Equity Multiple
3x  
Annual Cash
12%  
Years Of
Experience

As Principals
30+ years  
In Business
26 years  
Size
10 Staff * Dedicated investor relations
* All information is reported by Archway Holdings Corp as of 9/21/2017.
Assets Under
Management

Currently
$500MM 20+ assets
Exited
$118MM less than 10 assets
Portfolio LTV
60%  
Historical
Returns

Total IRR
36%  
Equity Multiple
3x  
Annual Cash
12%  
Years Of
Experience

As Principals
30+ years  
In Business
26 years  
Size
10 Staff * Dedicated investor relations
* All information is reported by Archway Holdings Corp as of 9/21/2017.

About this Property

3939 Rosemeade Apartments is a 390-unit class B workforce housing community located in North Dallas less than 0.5 miles to Plano, one of Dallas’ most upscale areas with skyrocketing employment gains. It is also in close proximity to other dynamic entertainment and employment centers such as Richardson.

Archway, which is currently (indirectly) a part owner of the Property, is acquiring the Property in full pursuant to a purchase transaction at a very compelling basis for an aggregate purchase price of approximately $22.4 Million which equates to $57,000 per unit and an in-place cap rate of 6.25%.

While 3939 Rosemeade is a stable cash-flowing property with a current occupancy rate of 95%, there is still a tremendous amount of upside potential remaining which can be realized through further interior upgrades and amenity enhancements which may include but not limited to washer- dryer and security alarm installations and valet waste services.
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Key Points

  • Attractive in-place cap rate of 6.25% (after adjustment for potential property tax increase)
  • Compelling purchase price of $57,000 per unit and $103 per rentable square foot for a class B product in North Dallas.
  • Purchase price is at least 20% below recent competitive offerings/sales and 50% below replacement cost.
  • Infill location with excellent access to main thoroughfares and major employment hubs of Plano and Richardson.
  • By year-end 2017, Plano and Richardson will gain nearly 20,000 new jobs as a result of major corporate relocations such as Toyota, JP Morgan, Fannie Mae, FedEx, Liberty Mutual, State Farm, and Raytheon.
  • Significant upside potential through interior upgrades as well as washer/dryer and security alarm installations.
  • Attractive assumable loan(s) with opportunity to obtain a supplemental loan.

Financials

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Offering Financial

Location Details

Dallas, TX

3939 Rosemeade Apartments are also in close proximity to four of the most notable employment centers in the entire Dallas metro area, along with multiple shopping and entertainment venues.

Plano and Richardson have each captured headlines of late with the high-profile corporate relocations of Toyota’s North American Headquarters from Los Angeles, CA, JP Morgan Chase, Fannie Mae, FedEx, and Liberty Mutual, all moving to Plano by year-end 2017. Furthermore, Richardson claims the regional headquarters of two Fortune 500 companies in State Farm and Raytheon.

These relocations bring nearly 20,000 jobs to the area, accompanying existing Fortune 500 companies like Frito-Lay, Ericsson, Intuit, Dr. Pepper/Snapple, Cadbury Schweppes, and HP Enterprise Services.

The Galleria, to the south, encompasses 54.7 million square feet of office space and nearly 150,000 jobs. To the west is Las Colinas, the largest single office park in DFW. Las Colinas is home to more than 7,500 businesses including 45 Fortune 500 company offices, six Fortune 500 global headquarters and some 100 multinational companies.

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Documents

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Offering Agreement Documents

Frequently Asked Questions

Below are some of the most frequently asked questions about this offering.

The funding deadline is October 27th, 2017.)

The first projected distribution is scheduled for April 2018.)

Distributions are scheduled to go out on a quarterly basis.)

Yes, non-US residents are welcome to apply.)

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