Property Details
Build to Suit  Ground-up Development  Short Term Hold 
Asset Profile
Opportunistic

Kiddie Academy Reno Nevada

Reno, NV

Educational Property
The Woodmont Company Fort Worth, TX
The Woodmont Company
  • IRR 21.2%
  • Equity Multiple 1.37x
  • Hold Period 1.5Y
  • Minimum Investment $25K
  • Year 1 Cash on Cash N/A
  • Stabilized Cash on Cash N/A
  • First Distribution Apr 2022
  • Distribution Frequency Quarterly
  • Co-Investment 10%
  • Preferred Return 8%
  • Investor Profit Share 70%
  • Asset Profile Opportunistic
  • Loan-to-Value 71.92%
  • Current Occupancy 0%

About this Property

Stephen Coslik, The Woodmont Company "A ground up development of an early education day care facility which is deemed to be an essential use."

Address 7405 Longley Lane
Square Footage 10,500 sq. ft.
# of Units 1
Price/Sq. Ft. $563.81
Total Project Cost $5,920,000
Stabilized Loan to Value 70-75%

Top Questions

All answers are provided by the sponsor, The Woodmont Company, or its representatives.

 

Why are you buying this property?

Stephen Coslik, The Woodmont Company: "Property is located in the City of Reno, Nevada, less than 1 mile from a new hospital that is under construction. There are only 5 day care competitors in a 10-mile radius. Nevada does not have a state income tax making this an attractive property to sell."

 

What are the most important aspects of this investment opportunity for the investors?

Stephen Coslik, The Woodmont Company: "Short term hold allowing investors to receive their investment back quickly. With minimum competition and proximity to new hospital, Kiddie Academy should perform strongly and make the excess land attractive to medical and office developers and buyers."

 

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

Stephen Coslik, The Woodmont Company: "The excess land currently being marketed to office and medical developers. The Kiddie Academy will be marketed for sale once construction is completed."

 

How has COVID-19 impacted your business plan?

Stephen Coslik, The Woodmont Company: “Covid-19 has not impacted the business plan of the development. Child care is considered essential business and what The Woodmont Company has seen from current developments is a strong demand in the pre and early enrollment stage.”

 

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

Stephen Coslik, The Woodmont Company:

  • "Fixed price construction contract with a well established general contractor."
  • "Marketing of the excess land to office and medical developers is already in underway."
  • "Sponsor's experience developing Kiddie Academy projects."

NOTE: All answers provided by the sponsor, The Woodmont Company, or its representatives.

About this Property

Stephen Coslik, The Woodmont Company "A ground up development of an early education day care facility which is deemed to be an essential use."

Address 7405 Longley Lane
Square Footage 10,500 sq. ft.
# of Units 1
Price/Sq. Ft. $563.81
Total Project Cost $5,920,000
Stabilized Loan to Value 70-75%

Top Questions

All answers are provided by the sponsor, The Woodmont Company, or its representatives.

 

Why are you buying this property?

Stephen Coslik, The Woodmont Company: "Property is located in the City of Reno, Nevada, less than 1 mile from a new hospital that is under construction. There are only 5 day care competitors in a 10-mile radius. Nevada does not have a state income tax making this an attractive property to sell."

 

What are the most important aspects of this investment opportunity for the investors?

Stephen Coslik, The Woodmont Company: "Short term hold allowing investors to receive their investment back quickly. With minimum competition and proximity to new hospital, Kiddie Academy should perform strongly and make the excess land attractive to medical and office developers and buyers."

 

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

Stephen Coslik, The Woodmont Company: "The excess land currently being marketed to office and medical developers. The Kiddie Academy will be marketed for sale once construction is completed."

 

How has COVID-19 impacted your business plan?

Stephen Coslik, The Woodmont Company: “Covid-19 has not impacted the business plan of the development. Child care is considered essential business and what The Woodmont Company has seen from current developments is a strong demand in the pre and early enrollment stage.”

 

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

Stephen Coslik, The Woodmont Company:

  • "Fixed price construction contract with a well established general contractor."
  • "Marketing of the excess land to office and medical developers is already in underway."
  • "Sponsor's experience developing Kiddie Academy projects."

NOTE: All answers provided by the sponsor, The Woodmont Company, or its representatives.

Offered By

The Woodmont Company

The Woodmont Company

Fort Worth, TX

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Assets Under
Management

Currently
$244.81MM 10+ assets
Exited
$500MM 10+ assets
Portfolio LTV
43.7%  
Historical
Realized Returns

Total IRR
24.4%  
Equity Multiple
1.6x  
Annual Cash
11.6%  
Years Of
Experience

As Principals
30+ years  
In Business
40 years  
Size
51 Staff  
* All information is reported by The Woodmont Company as of 1/30/2019.
Assets Under
Management

Currently
$244.81MM 10+ assets
Exited
$500MM 10+ assets
Portfolio LTV
43.7%  
Historical
Returns

Total IRR
24.4%  
Equity Multiple
1.6x  
Annual Cash
11.6%  
Years Of
Experience

As Principals
30+ years  
In Business
40 years  
Size
51 Staff  
* All information is reported by The Woodmont Company as of 1/30/2019.

Financials

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Offering Financial

Sponsor Diligence Report

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Diligence Preview

Location Details

Reno, NV

Stephen Coslik, The Woodmont Company: "The property is in the southern area of Reno, Nevada at the intersection of Maestro Drive and Longley Lane. The location provides easy access to the new hospital under construction, which is located at Longley Lane and Airway Drive. The hospital is expected to attract over 1,000 healthcare professionals."

Documents

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Offering Agreement Documents

Frequently Asked Questions

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

Stephen Coslik, The Woodmont Company: "All Approvals necessary to commence construction have been obtained with the exception of the building permit, which is expected to be issued after the required bond has been posted, which should occur on or about the date of Closing. Accordingly, the Company may be required to complete Closing before the building permit has been issued."

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