Units 299
Est Delivery: 2024
Investment Date: May 2021

Investment Strategy Highlights

Form Development Joint Venture to build 299 units in the Shoreline neighborhood of Seattle, WA.

Structure:

$90,100,000 total capitalization
80/20 initial equity
Preferred return + promote waterfall
80% LTC construction + preferred equity financing
Expected 2 year construction period, stabilize and sell.