Villages on Madison

Multi-Family Property
Experienced Sponsor
James Management Group
Carmel, IN

Offered By

James Management Group

Carmel, IN

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Assets Under
Management

Currently
$81MM 10+ assets
Exited
$45MM less than 10 assets
Portfolio LTV
67%  
Historical
Realized Returns

Total IRR
20.5%  
Equity Multiple
2.02x  
Annual Cash
10.7%  
Years Of
Experience

As Principals
30+ years  
In Business
16 years  
Size
8 Staff * Dedicated investor relations
* All information is reported by James Management Group as of 11/17/2017.
Assets Under
Management

Currently
$81MM 10+ assets
Exited
$45MM less than 10 assets
Portfolio LTV
67%  
Historical
Returns

Total IRR
20.5%  
Equity Multiple
2.02x  
Annual Cash
10.7%  
Years Of
Experience

As Principals
30+ years  
In Business
16 years  
Size
8 Staff * Dedicated investor relations
* All information is reported by James Management Group as of 11/17/2017.

About this Property

Villages on Madison is located 12 miles above the #1 voted best place to live in the United States. It has a proven track record for the past 10 years of being profitable and consistent in distributions. It will benefit greatly from a $1.3 million dollar upgrade/rehab that will take the look and functionality of the asset from the 1970's and into the 2000's. Villages greatest potential comes from three areas; rent growth, occupancy gain, and the reduction in turnover rate.

James Management Group is looking at averaging over 10% cash on cash, with a 75% LTV / 10 year am loan, that has (3) years interest only payments, and fixed rate of approx. 4.60%. Their management team in the area is the best there is, and the on-site staff has over 70 experience! This loan is assumable, and the 4.60% rate should look attractive in 5-7 yrs.

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Key Points

  • Strategic $1.3M rehab/Upgrade of 1970's product, but not over-improving for market.
  • Located 12 miles above #1 rated city to live in the United States.
  • Market rents 10%-15% under market, that can be unlocked with rehab/upgrading.
  • 70 years of on-site experience, local best in the market management team.
  • Rehab will boost occupancy, reduce turnover for income gains and reduction of expenses.
  • Indiana is one of the most tax friendly, government friendly states in the country and the rest of the united States is figuring that out.
  • The Indianapolis Metro area has one of the most demographically diverse work forces in the entire Midwest.

Financials

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Offering Financial

Location Details

Anderson, IN

Villages on Madison is located in Anderson, Indiana, 19 miles above the Indianapolis freeway loop, and 12 miles above Fishers and Carmel, which are just north of Indianapolis, and rated the #1 cities to live in the United States. Anderson is 18 miles southwest of Muncie Indiana, home to Ball State University. Anderson University, and Ivy Tech College are both located within 2 miles of the property, which is right on the main bus line to make shopping, learning and traveling much easier for our clients.

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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 for this opportunity is January 24, 2018.

The first projected distribution is scheduled for April 2018.

Distributions are scheduled to go out on a quarterly basis.

No, this offering is only available to US residents.

RealCrowd is free for investors. RealCrowd charges a technology access fee to the operating partner for our services. We do not charge investors any upfront fees, ongoing asset management fees or promote/carried interest in the investments.

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Have a Question?

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