Penn Capital Announces Its Latest Investment Opportunity
- Asset Type: Multifamily, 458 Units
- Location: Huntsville, AL
- Holding Period: 3-5 Years
- Entry: $50,000
- Investment Type: Equity
- Distributions: Quarterly & Liquidation
- Projected Investor Return: 27% Average Annual Returns
Penn Capital Group is in the business of acquiring multifamily properties to operate, increase the value of and eventually sell for a profit. WE ONLY HAVE A FEW INVESTOR SLOTS LEFT FOR THIS OPPORTUNITY!
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PROJECTED INVESTOR RETURNS
Location And Low Basis Price
At Penn Capital, we focus on true opportunistic deals that are well located in booming markets. Once we find a deal that shows potential, we perform a thorough analysis and use our proprietary underwriting to stress-test the project and make sure we only invest in assets that have enough upside to perform well during an economic downturn. Over 900 deals have been analyzed by our team in the past year resulting in 22 offers, 7 contracts and 3 purchases.
In this case, we’re buying both assets for $13.2mm and the lender’s appraised market value “As Is” came in at a $18.2mm valuation. That means we will have $5,056,000 of built-in equity since day one!
North Ridge and Continental are located directly across the street from the University of Alabama in Huntsville, next to the Land Rover, BMW, VOLVO and Porsche dealerships, and 1.8 miles away from MidCity Huntsville (www.midcityhuntsville.com), a $350 – $500mm mixed-use development currently underway.
The Missing Piece of Your Investment Portfolio
As a co-investor with Penn Capital Group, you can realize true “Value-Add” potential, elusive in today’s highly priced multi-family environment. This is a conservative real estate investment with high return potential, suitable for a properly diversified investment portfolio and ideal for creating personal and generational wealth.
Spaces are limited and will fill up quickly. We will be accepting commitments on a first-come, first-serve basis.
Our plan is to acquire a two-property portfolio totaling 458 total units in one of the fastest growing markets in the country with a projected five-year holding period.
The apartment communities are located in a university/research park submarket, an up-and-coming Class A submarket with an excellent school system and a stable yet growing employment base. The property is located less than 2 miles away from the 4th largest mixed-use development in the US, MidCity Huntsville and across the street from the University of Alabama in Huntsville. Huntsville continues to experience a late cycle job creation boom across multiple industries, unparalleled in the US: Toyota/Mazada, Mercedes Benz, Facebook, Google, Boeing, GE Aviation, Blue Origin, Redstone Arsenal, NASA & the FBI continue investing heavily in the city.
At Penn Capital Group, we bring an exceptional blend of real estate management and private equity investing experience. Our approach to investing is value-based and conservative with a focus on multiplying value for our investors through high-quality real estate investment opportunities.
*DEFINITION OF ACCREDITED INVESTOR
You qualify as an Accredited Investor if you meet any of the following criteria: a) You earn over $200,000 in annual income, b) You, together with your spouse earn over $300,000 in joint annual income, c) You have a net worth, exceeding $1,000,000 (excluding the value of my primary residence), individually or together with my spouse.
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