Experience the benefits of the new American dream:
Take advantage of the growing asset class in the multifamily property sector, a key component of a successful investment series!
The investment property is a first-class multifamily development with 331 residential units currently being prepared for construction in boomtown Raleigh, North Carolina 🇺🇸 - one of the fastest growing cities in the USA and one of the best US cities for work-life balance - for a new generation seeking the highest quality of life. Our professional Swiss partner with offices in Germany, Luxembourg and the USA is taking advantage of the market in this location, its economy and the transition from buying to renting property.
"Raleigh was recognised by Deloitte in the Global 2023 Gen Z and Millennial Survey May 10, 2023 as Best City for Work-Life Balance and Quality of Life"
Join the Investors Club!
KEY FACTS:
Type of investment MULTI-FAMILY
IRR. 12,1%
EK-Multiplier 1,5x
Investment volume USD 90.830.000
Equity capital USD 34.700.000
Construction start autumn 2023
Completition 2025
Exit planned 2027
Minimum Investment: 1 Mio. USD
Current company expansions in Raleigh:
The concentration of technology and life sciences companies in Raleigh has had a strong impact on the market's recovery rate. These high-growth sectors have helped companies locate and expand in the region, even at the height of the pandemic: "Eli Lilly - Amgen - Fujifilm - Ineos Automotive - Mercedes Benz - Epic Games".
Technology giant APPLE has announced plans to build a campus and engineering centre, investing more than USD 1 billion and creating over 3.000 jobs in the region.
The region's universities, including North Carolina State University in Raleigh, Duke University in Durham and UNC Chapel Hill, provide a steady stream of labour from which many local employers recruit. Brandwidth, a software communications company, is currently building a new headquarters and has announced that it will create nearly 1.200 new jobs in the region (Source: BBG Real Estate Services, Valuation 17 Feb. 2023).
More demand for jobs means more demand for living space!
Highest quality of life:
The investment property is a planned apartment block project. When completed, the property will include 331 residential units on a 41.09 acre (net) site. It is a three-story garden-style project with non-air-conditioned corridors and surface parking, as well as an office, clubhouse and separate maintenance building.
Class A property with high-end finishes including granite countertops, tile, stainless steel appliances and designer cabinet/lighting packages. Amenities include a resort-style swimming pool with sundeck, fitness centre, on-site office, co-working space, solarium, club room, car wash, package service, dog park, EV charging stations and 27-car basement garage.
44% of the residential units will be two-bedroom flats. These units tend to appeal to more mature/older people who are making a conscious decision to rent before buying a home in the area. Furthermore, people whose children are grown/out of the house who don't want the burden of maintaining a single-family home and instead prefer a carefree, turnkey lifestyle that allows them to enjoy their time travelling or pursuing other passions while living in a quality flat.
5% of the units will have three bedrooms, which traditionally appeal to young families. There is a shortage of three bedroom homes in the greater Raleigh area and these units fill that gap in the market. With continued competition in the local market for single family homes, these units will be in demand by small families waiting to buy a home, looking to build one, or families who want to continue renting.
The buildings will be constructed using timber frame construction with fibre cement cladding (with brick accents) and timber beam roofs with composition shingles.
The site will also be connected to the Neuse River Greenway via a footpath.
"We assume that a stable occupancy rate of 95% will be achieved within 12 months of full completion" (source: BBG Real Estate Services, valuation, Feb. 17, 2023)
Further advice from our partner in Switzerland.
Yours sincerely, Manuela Olmesdahl
Phone/Whatsapp: +41 76 376 61 11
E-mail: office@manuelaolmesdahl.com
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