Property

JAX321 Jacksonville, FL

Property
Type
Multi-Family
Investment Type
Property
Asset Profile
Opportunistic
Min. Investment
$50K
Estimated Hold
3-5Y
Target Return (IRR)
20%
Target Annual Cash
15.4%
Target Equity Multiple
2.2x
 

Offered By

Presidium Group Elite Sponsor

Austin, TX

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
$882MM
Exited
$327MM
Portfolio LTV
75%
Historical
Realized Returns

Total IRR
40.7%
Equity Multiple
3x
Annual Cash
10%
Years Of
Experience

As Principals
30+ years
In Business
15 years
Size
65 Staff
* All information is reported by Presidium Group as of 6/12/2017.
 

About this Property

Presidium Group is seeking accredited investors to fund Joint-Venture Equity for the development of the project known as "JAX321" in Jacksonville, FL. "JAX321" is a 350-unit, luxury, multifamily community located in the highly sought after St. John's area of Jacksonville, Florida.

"JAX321" is to be built on a 12 acres of land site located within a Planned Unit Development area that has convenient access to major highways. The development type features four 4-story multifamily buildings, each with enclosed and air-conditioned corridors, elevators, and attached garages.

Read more Read less

Key Points

  • Principals of Presidium are signing on personal recourse for the construction loan
  • 1.5 miles from St. John's Town Center - 1,200,000 SF of retail including Nordstrom, Apple, Tiffany & CO., Louis Vuitton, Capital Grille, Cheesecake Factory
  • Proximity to employment and higher education - 17,000+ jobs within 1-mile radius
  • University of North Florida is located 2.5 miles away - 16,000 students
  • Florida State College of Jacksonville is located approximately 11 miles away - 25,000 students
 

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
 

Location Details

Jacksonville, FL

"JAX321" is strategically located 1.5 miles away from St. John's Town Center (1.2m SqFt Retail), and within proximity to employment and higher education. There are 17,000+ jobs within 1-mile radius, and University of North Florida is only 2.5 miles away with 16,000 registered students.

Read more Read less
 

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
 

Frequently Asked Questions

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

The first projected distribution is scheduled for June 2019.

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.

RealCrowd offerings are open to US-based 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 Presidium Group and/or RealCrowd a message. If you have a question about this offering ask Presidium Group. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.

We'll get back to you soon!

In the meantime, you can create an account to view detailed information about JAX321.

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

Access passive income deals and become a better investor today with our free eight day educational email series.

Free e-book "Commercial Real Estate 101" for signing up.