Property Details
Stabilized Occupancy  Stabilized Income  Below Market Rents  Repositioning Opportunity  NOI Growth 
Asset Profile
Value Add

OneWall Co-Investment Fund I

Northeast & Mid Atlantic US

Multi-Family Fund
OneWall Communities Stamford, CT
OneWall Communities
  • IRR 16%+
  • Equity Multiple 1.9x
  • Hold Period 5Y
  • Minimum Investment $50K
  • Year 1 Cash on Cash 6%
  • Stabilized Cash on Cash 8% Y2
  • First Distribution Apr 2022
  • Distribution Frequency Monthly
  • Asset Profile Value Add
  • Loan-to-Value 70-80%
  • Current Occupancy N/R

About this Fund

"Multifamily value-add workforce housing fund offering individuals access to institutional deals that generate immediate cash-on-cash returns and benefit from the supply/demand imbalance for naturally affordable market rate apartments in the Northeast/Mid-Atlantic U.S."

-Nate Kline, OneWall Communities

Fund Type Multifamily
Investment Timing Equity called upon close
Market(s) Northeast & Mid Atlantic US
Target Fund Size $10MM
Amount Raised $5M
Amount Deployed $2M+
Date Opened for Investments December 2021
Est. Time to Next Investment March 2022
Time to Initial Distribution April 2022

Top Questions

All answers are provided by the sponsor, OneWall Communities, or its representatives.

 

What is your investment strategy/business plan for the Fund?

Nate Kline, OneWall Communities: "OneWall seeks to deploy the Fund alongside its principal’s investments in value-add multifamily assets that generate superior risk adjusted returns from the firm’s Multi-Family Alpha® strategy. Data-driven market and asset selection allow OneWall to pinpoint the best deals, negotiate favorable pricing and consistently execute on business plans financially and operationally through proactive, in-house asset, property, and construction management.”

 

What are the most important aspects of the fund for investors?

Nate Kline, OneWall Communities:

  1. "There are no Fund level fees."
  2. "Projected returns are consistent with single asset investments (16%+ IRR, 6-10% CoC), while offering Fund diversification benefits."
  3. "Investors will participate in each of OneWall’s deals until fully invested including institutional scale deals that wouldn’t otherwise be available due to our joint venture partnerships (e.g. first Fund investment is a $97mm acquisition in DC MSA)."
  4. "Investors who commit and fund early have the option to hold 50% of their investment in ERO interests which are redeemable after 1 year with 90 days’ notice to OneWall."
  5. "Large sponsor co-investment; for every $1mm invested by the Fund, OneWall will invest at least $250,000 in parallel (20% of capital deployed).”

 

How has COVID-19 impacted your business plan?

Nate Kline, OneWall Communities: “COVID-19 has made the workforce housing niche more attractive and proven its durability under economic stress. Valuations in the space continue to climb and various government restrictions that artificially limited rent increases and turnover are driving record high occupancy and rent growth in many submarkets. Additionally, the affordable nature of these assets makes for very efficient debt financing and capital availability. OneWall's business plans generally now have more mark-to-market rent upside and a wider cushion between target renovated rents and top market rents which de-risks the strategy.”

 

What are the risks and how are you mitigating those risks?

Nate Kline, OneWall Communities: “OneWall limits operational risks and business plan execution by controlling the value chain through its vertical integration. Risks that it cannot control such as interest rates, asset pricing, collections, etc. are mitigated by strategy, processes, structuring and underwriting. Financing is tied to each business plan for optimum leverage, prepayment, interest and other terms and hedges are employed where needed (such as interest rate caps on floating rate loans). Collection loss and rent growth are underwritten conservatively versus in-place. Asset management and property management activities are governed by strict budgets, decision authority and standard operating procedures with all team members incentivized to execute on business plans. Exit strategies are aligned with these business plans and projected sale prices are always based on equal or greater cap rates and below projected replacement cost with workforce affordable rents.”

 

NOTE: All answers provided by the sponsor, OneWall Communities, or its representatives.

About this Fund

"Multifamily value-add workforce housing fund offering individuals access to institutional deals that generate immediate cash-on-cash returns and benefit from the supply/demand imbalance for naturally affordable market rate apartments in the Northeast/Mid-Atlantic U.S."

-Nate Kline, OneWall Communities

Fund Type Multifamily
Investment Timing Equity called upon close
Market(s) Northeast & Mid Atlantic US
Target Fund Size $10MM
Amount Raised $5M
Amount Deployed $2M+
Date Opened for Investments December 2021
Est. Time to Next Investment March 2022
Time to Initial Distribution April 2022

Top Questions

All answers are provided by the sponsor, OneWall Communities, or its representatives.

 

What is your investment strategy/business plan for the Fund?

Nate Kline, OneWall Communities: "OneWall seeks to deploy the Fund alongside its principal’s investments in value-add multifamily assets that generate superior risk adjusted returns from the firm’s Multi-Family Alpha® strategy. Data-driven market and asset selection allow OneWall to pinpoint the best deals, negotiate favorable pricing and consistently execute on business plans financially and operationally through proactive, in-house asset, property, and construction management.”

 

What are the most important aspects of the fund for investors?

Nate Kline, OneWall Communities:

  1. "There are no Fund level fees."
  2. "Projected returns are consistent with single asset investments (16%+ IRR, 6-10% CoC), while offering Fund diversification benefits."
  3. "Investors will participate in each of OneWall’s deals until fully invested including institutional scale deals that wouldn’t otherwise be available due to our joint venture partnerships (e.g. first Fund investment is a $97mm acquisition in DC MSA)."
  4. "Investors who commit and fund early have the option to hold 50% of their investment in ERO interests which are redeemable after 1 year with 90 days’ notice to OneWall."
  5. "Large sponsor co-investment; for every $1mm invested by the Fund, OneWall will invest at least $250,000 in parallel (20% of capital deployed).”

 

How has COVID-19 impacted your business plan?

Nate Kline, OneWall Communities: “COVID-19 has made the workforce housing niche more attractive and proven its durability under economic stress. Valuations in the space continue to climb and various government restrictions that artificially limited rent increases and turnover are driving record high occupancy and rent growth in many submarkets. Additionally, the affordable nature of these assets makes for very efficient debt financing and capital availability. OneWall's business plans generally now have more mark-to-market rent upside and a wider cushion between target renovated rents and top market rents which de-risks the strategy.”

 

What are the risks and how are you mitigating those risks?

Nate Kline, OneWall Communities: “OneWall limits operational risks and business plan execution by controlling the value chain through its vertical integration. Risks that it cannot control such as interest rates, asset pricing, collections, etc. are mitigated by strategy, processes, structuring and underwriting. Financing is tied to each business plan for optimum leverage, prepayment, interest and other terms and hedges are employed where needed (such as interest rate caps on floating rate loans). Collection loss and rent growth are underwritten conservatively versus in-place. Asset management and property management activities are governed by strict budgets, decision authority and standard operating procedures with all team members incentivized to execute on business plans. Exit strategies are aligned with these business plans and projected sale prices are always based on equal or greater cap rates and below projected replacement cost with workforce affordable rents.”

 

NOTE: All answers provided by the sponsor, OneWall Communities, or its representatives.

Offered By

Login or Register to See More Details

Available to Registered Users

  • Get to know the sponsor behind the offering with key information
  • See an overview of their experience and success
  • Understand their investment strategies
  • Easy access to contact the sponsor directly to learn more
Assets Under
Management

Currently
$420MM 10+ assets
Exited
$358MM 20+ assets
Portfolio LTV
65%  
Historical
Realized Returns

Total IRR
23.4%  
Equity Multiple
1.8x  
Annual Cash
N/R  
Years Of
Experience

As Principals
30+ years  
In Business
13 years  
Size
10 Staff * Dedicated investor relations
* All information is reported by OneWall Communities as of 1/11/2022.
Assets Under
Management

Currently
$420MM 10+ assets
Exited
$358MM 20+ assets
Portfolio LTV
65%  
Historical
Returns

Total IRR
23.4%  
Equity Multiple
1.8x  
Annual Cash
N/R  
Years Of
Experience

As Principals
30+ years  
In Business
13 years  
Size
10 Staff * Dedicated investor relations
* All information is reported by OneWall Communities as of 1/11/2022.

Financials

Login or Register to View Financials

Available to Accredited Investors:

  • Get an overview of important financial details to make a smarter investment
  • Analyze the financial pro forma to see how projected returns are distributed over time
  • Review source and uses and other important details
Offering Financial

Sponsor Diligence Report

Login or Register to View Report

Available to Accredited Investors:

  • View principal experience
  • Review background check results
  • Track record verification
Diligence Preview

Location Details

Northeast & Mid Atlantic US

Nate Kline, OneWall Communities: "Despite its contrarian reputation, the Northeast/Mid-Atlantic offers consistent returns, strong yields, ample deal flow and growth. The region is the most densely populated in the country and is anchored by the major and diverse employment centers of NYC, DC, Boston, and Philadelphia, with many attractive secondary and suburban markets with desperate supply shortages of workforce housing. Median home values are more than 50% higher than the US, per capita income is 20% higher, geographical mobility is 20% lower and the share of 18 to 29-year-olds living with parents is much higher than the rest of the US. These statistics create a recipe for sustainable renter household and rent growth. Finally, fragmented ownership and fewer institutional operators provide attractive deal flow and pricing."

Documents

Login or Register to View Documents

Available to Accredited Investors:

  • View, download, and print the offering PPM (Private Placement Memorandum)
  • View, download, and print the detailed financial projections
  • Access all of the important documents for this offering in one place
Offering Agreement Documents

Frequently Asked Questions

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

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.

RealCrowd offerings are open to accredited investors. RealCrowd does not recommend or advise on any offering on our platform. While we have minimum history and experience threshold for sponsors who post on our platform, if you are unable to perform your own due diligence, please consult with an attorney or financial advisor prior to making an investment.

RealCrowd is a marketplace that connects investors with qualified sponsors. We strive for transparency and impartiality. For this reason, we do not participate in any offerings on our site.

Have a Question?

Send OneWall Communities and/or RealCrowd a message. If you have a question about this offering ask OneWall Communities. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.

Please resolve the captcha and submit.

We'll get back to you soon!

In the meantime, you can create an account to view detailed information about OneWall Co-Investment Fund I.

In the meantime, please review the offering documents and financials.