Property Details
Stabilized Cashflow NOI Growth 
Asset Profile
Value Add

WCP Colony Townhomes

Raleigh, NC

Multi-Family Property
Willow Creek Partners Reston, VA
Willow Creek Partners
  • IRR 17.6%
  • Equity Multiple 1.98x
  • Hold Period 3-5Y
  • Minimum Investment $25K
  • Year 1 Cash on Cash 5%
  • Stabilized Cash on Cash 10.4%
  • First Distribution Jul 2019
  • Distribution Frequency Quarterly
  • Co-Investment 5%
  • Preferred Return 8%
  • Investor Profit Share 70%
  • Asset Profile Value Add
  • Loan-to-Value 76%
  • Current Occupancy 97%

About this Property

Colony Townhomes features 1, 2 and 3 bedroom units located in the heart of North Raleigh. It allows for opportunities to reduce costs by installing sub-meters to eliminate tenant water and sewer expenses as well as sharing staff with neighboring WCP-owned properties. In addition to reducing costs, the Property is in a prime location which should absorb the projected rental increase following the value-add program.

About this Property

Colony Townhomes features 1, 2 and 3 bedroom units located in the heart of North Raleigh. It allows for opportunities to reduce costs by installing sub-meters to eliminate tenant water and sewer expenses as well as sharing staff with neighboring WCP-owned properties. In addition to reducing costs, the Property is in a prime location which should absorb the projected rental increase following the value-add program.

Key Points

  • Prime location in North Raleigh, just over a mile away from the North Hills Development (Newly added luxury hotels, high-end retail and office space).
  • The business plan calls for installation of water sub-meters for expected savings of ~$56K annually in utility expense.
  • $100 projected rental increase per unit following the value-add program which reflects similar, nearby renovated properties resulting in ~$70,800 of additional income.
  • The value-add program also calls for the addition of a one bedroom unit which should bolster NOI at the Property.

Offered By

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Assets Under
Management

Currently
$150MM 10+ assets
Exited
$100MM less than 10 assets
Portfolio LTV
65%  
Historical
Realized Returns

Total IRR
N/R  
Equity Multiple
N/R  
Annual Cash
N/R  
Years Of
Experience

As Principals
20+ years  
In Business
2 years  
Size
18 Staff * Dedicated investor relations
* All information is reported by Willow Creek Partners as of 3/5/2019.
Assets Under
Management

Currently
$150MM 10+ assets
Exited
$100MM less than 10 assets
Portfolio LTV
65%  
Historical
Returns

Total IRR
N/R  
Equity Multiple
N/R  
Annual Cash
N/R  
Years Of
Experience

As Principals
20+ years  
In Business
2 years  
Size
18 Staff * Dedicated investor relations
* All information is reported by Willow Creek Partners as of 3/5/2019.

Financials

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Offering Financial

Sponsor Diligence Report

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Diligence Preview

Location Details

Raleigh, NC

Colony Townhomes is situated in close proximity to the 2-million-square-foot (and growing) North Hills mixed use development. Additionally, the site is ideally positioned along two major roads, Millbrook and Six Forks Road, which provide convenient access to both I-440 (South) and I-540 (North).

Documents

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Offering Agreement Documents

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