HORIZON APARTMENTS
204-Unit Apartment Community | San Antonio, TX
- February 20th
- 7 PM CST
- ZOOM
Class C
Investment Type
18%
Projected IRR
22-23%
Annualize Return
7%
Preferred Return
EXECUTIVE SUMMARY
Extremely Well Positioned Asset In High Growth San Antonio Market at $82k/door And Assumable Loan at 3.78% Fixed Rate With 2032 Maturity!
Horizon Apartments (204 units)
Purchase Price
$ 16,900,000
Equity Required
$ 6,600,000
Price / Unit
$ 82,843
Min. Investment
$ 50,000
Projected Avg. CoC
7-8 %
Price /SQFT
$ 95.19
Hold Period
5 Years
Equity Multiple
2.11 X
Why Invest in Northeast San Antonio
Strong need for workforce housing
Strong Market & Sub-Market
San Antonio ranked #8 in Forbes’s Cities of the Future, and brought in the #18 ranking for highest forecasted multifamily rent growth. It’s ranked 3rd Fastest Growing city in the nation.
Exceptional Buy Basis w/ Assumable Loan
Our purchase price on this property is ~82K/door (~32% below the $120K/door average sale price for this submarket) and existing Fannie Mae loan @ 3.78% fixed rate and 2032 maturity date.
Experienced Sponsorship Team
Strong sponsor team with skin in the game, ample liquidity, and experience as a GP, KP, and LP. Seasoned property manager based locally specializing in similar assets to execute business plan.
Value Add Opportunity
We will be utilizing a classic value add model; upgrading interiors and exterior with small rent bumps to follow.
Within Minutes of Major Employers
HEB Distribution Center, Frito Lay, Amazon, Caterpillar, Pepsi and others.
Projected Investor Return
70%
Limited Partner Split
30%
General Partner Split
6.5%
Purchase Cap Rate
6.0%
Exit Cap Rate
22-23%
Annualized Return
7%
Hurdle / Pref Return
7-8%
Avg. Cash Flow
2.1 X
Equity Multiple
invest with US
NEXT STEPS
This offering is open to “Accredited” and “Sophisticated” investors (506C offering).
Review and complete the offering documents you can find through the webinar email. The offering documents contain pertinent documents such as the PPM and Subscription Agreement
Sponsors to review and accept your offering documents.
Wire investment to banking instructions within five (5) business days from the date your offering documents are reviewed and accepted. Investment slots will be offered by priority to those who submit their documents and wire their investment first
IRA Funds are accepted. This may require converting your IRA to a self-directed IRA. Contact us for more information.
Sponsor Team : Local Team with Experience
Sanjay Aggarwal
Massive Capital
Shahriar Khan
Massive Capital
Mike Bailey
Massive Capital
IMPORTANT FAQs
Yes, via our Cost Segregation & Depreciation approach.
$50K is the minimum. Larger amounts are preferred, others on a case-by-case basis.
We have a combined 50+ years of experience in Ownership, Renovation, Acquisition & RE Development.
No, this opportunity is available now and will close as subscriptions are filled.
Please reach out to our Investor Relations team or through our websites.
Yes, now you can invest your self-directed IRA or 401K through Massive Capital, without taking money out of your retirement accounts. We will walk you through the whole process!