Property Details
Below Market Rents  Below Market Occupancy  NOI Growth 
Asset Profile
Value Add

Chelsea Manor Apartments - OKC

Oklahoma City, OK

Multi-Family Property

This deal is oversubscribed

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Denver Realty Group Denver, CO
Denver Realty Group
  • IRR 18.5%
  • Equity Multiple 2.37x
  • Hold Period 6Y
  • Minimum Investment $25K
  • Year 1 Cash on Cash 6.5%
  • Stabilized Cash on Cash 11.6% in Y2
  • First Distribution Aug 2019
  • Distribution Frequency Monthly
  • Co-Investment 9%
  • Preferred Return 7.5%
  • Investor Profit Share 75%
  • Asset Profile Value Add
  • Loan-to-Value 76%
  • Current Occupancy 86%

About this Property

Why This Property?

Denver Realty Group: Stabilized underlying cash flows provide a solid return regardless of any other market activity. The property is in a great submarket that is experiencing wonderful job creation trends and population inflows, and is modernizing in every sense of the word. There is no other place in the country that we've found where you can buy these cash flows for these prices in a rapidly growing market.



Why Do You Like This Strategy?

Denver Realty Group: If, at the end of our holding period, we sell the property for the same price as our purchase, investors should still realize a solid cash return. We don’t depend on a good exit for this investment to work. Additionally, we have the additional exposure to a market we think is very underappreciated - If population trends and capital inflows continue, there is significant upside beyond our projected cash generation, and frankly, to our entire underwrite.



How Are You Mitigating Risks?

Denver Realty Group: This property can support a full 30% economic vacancy relative to our projections before our ability to service our debt is threatened. This gives us great comfort that we will always be able to weather the storm regardless of short-term operational hiccups or more dramatic changes in the marketplace.

About this Property

Why This Property?

Denver Realty Group: Stabilized underlying cash flows provide a solid return regardless of any other market activity. The property is in a great submarket that is experiencing wonderful job creation trends and population inflows, and is modernizing in every sense of the word. There is no other place in the country that we've found where you can buy these cash flows for these prices in a rapidly growing market.



Why Do You Like This Strategy?

Denver Realty Group: If, at the end of our holding period, we sell the property for the same price as our purchase, investors should still realize a solid cash return. We don’t depend on a good exit for this investment to work. Additionally, we have the additional exposure to a market we think is very underappreciated - If population trends and capital inflows continue, there is significant upside beyond our projected cash generation, and frankly, to our entire underwrite.



How Are You Mitigating Risks?

Denver Realty Group: This property can support a full 30% economic vacancy relative to our projections before our ability to service our debt is threatened. This gives us great comfort that we will always be able to weather the storm regardless of short-term operational hiccups or more dramatic changes in the marketplace.

Offered By

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Assets Under
Management

Currently
$98MM 20+ assets
Exited
$9MM less than 10 assets
Portfolio LTV
50%  
Historical
Realized Returns

Total IRR
93.5%  
Equity Multiple
3.4x  
Annual Cash
13%  
Years Of
Experience

As Principals
15+ years  
In Business
11 years  
Size
16 Staff * Dedicated investor relations
* All information is reported by Denver Realty Group as of 5/1/2019.
Assets Under
Management

Currently
$98MM 20+ assets
Exited
$9MM less than 10 assets
Portfolio LTV
50%  
Historical
Returns

Total IRR
93.5%  
Equity Multiple
3.4x  
Annual Cash
13%  
Years Of
Experience

As Principals
15+ years  
In Business
11 years  
Size
16 Staff * Dedicated investor relations
* All information is reported by Denver Realty Group as of 5/1/2019.

Financials

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Offering Financial

Sponsor Diligence Report

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Diligence Preview

Location Details

Oklahoma City, OK

Located off the Northwest Expressway, Chelsea Manor is walking distance to neighborhood shopping and restaurants, and has easy access to all major interstates. Off the beaten path, but close to the action, this property is just south of the popular Lake Hefner and east of the activity on May street. Residents at this community have easy access to all major commercial centers of OKC.

Documents

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Offering Agreement Documents

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