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Hudson Capital Properties is pleased to offer accredited investors the opportunity to participate in the acquisition of a 276-unit multifamily property located in Charlotte, NC. Landmark at Monaco Gardens was built in 1991 and is located in the University City submarket, less than a mile from the University of North Carolina Charlotte campus. Landmark presents investors with the unique opportunity to invest in a great asset located in the growing University City submarket that stands to benefit from both organic submarket growth as well as the delivery of the new Lynx Light Rail Line in 2017. It is HCP’s plan to immediately put in place a Capital Expenditure Plan that accomplishes the following objectives:
- Increase curb appeal by painting the trim of the buildings, a full property power wash and a restripe and seal of the parking lot - Solidify a branding strategy that creates an identity for the asset that gives tenants and prospects a sense of place that they identify as an attractive place to call home - Spend $9,500 per unit on unit interior renovations that will include new stainless steel appliances, faux granite countertops, faux wood vinyl floors, new cabinet boxes/doors/hardware, new plumbing fixtures, 6 panel doors, and 2 inch blinds - Spend $2,000 per unit on exterior and amenity renovations/upgrades
Hudson feels with its upgrade package and superior access to the new rail line and walkability to UNC-Charlotte that the property stands to see a minimum of a $150/premium on upgraded units.
The property boasts best in class amenities including a newly renovated clubhouse, a swimming pool with expansive sun deck, a 24 fitness center, a lighted tennis court, and a fenced in dog park.
Available to Accredited Investors:
Charlotte is North Carolina's largest city and the second largest financial services center in the United States after New York.
The property is located in the university submarket, 0.7 miles from the UNC Charlotte campus which now has an enrollment of 28,000 students and has 3,000+ employees. The submarket is expected to receive a large economic boost with the delivery of the Lynx Light Rail line in 2017 which will provide direct connectivity to uptown Charlotte, home to the United State’s second largest financial center.
The Light Rail station is within walking distance (0.5 miles) from the property. The University City submarket consists of well-educated Millennials with an average age of 29 year old, 76% college graduates and an average household income of around $85,000.
Available to Accredited Investors:
Below are some of the most frequently asked questions about this offering.
The first projected distribution is scheduled for April 2017.
Distributions are scheduled to go out on a monthly basis.
Yes, non-US residents are welcome to apply.
No, this offering is not available for 1031 exchange.
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Send Hudson Capital Properties and/or RealCrowd a message. If you have a question about this offering ask Hudson Capital Properties. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.
In the meantime, you can create an account to view detailed information about Landmark at Monaco Gardens.
In the meantime, please review the offering documents and financials.
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Thank you for your interest in this commercial real estate investment offering. Unfortunately, SEC regulations prevent us from allowing you to invest at this time.Go Back
Remember that RealCrowd or the third parties offering securities through this site will verify your Accredited Investor status upon making an investment.
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RealCrowd is excited to announce a new classification system for sponsors that utilize our platform. Historically we have included all qualified sponsors in one class based on meeting our minimum thresholds of experience, both in time as a principal in the real estate business as well as portfolio and transaction value.
The new classification system of sponsor qualifications aims to further increase the amount of opportunities investors will have access to and provide more information as to the qualifications of the sponsorship.
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