Located in the highly desirable NoMo neighborhood on the peninsula, Foundry Point offers luxury living with Charleston charm. Within walking distance of tech campuses Half-Mile North and Pacific Box & Crate, as well as the area’s vibrant bar & restaurant scene, Foundry Point establishes the Upper Peninsula as a highly sought-after live/work atmosphere. It's resort style amenities and spacious floor plans are the epitome of luxury living. This property was recently selected as Charleston’s “Choice Award Winner” for best apartment community.

Located in the “NOMO” district of Charleston, this conversion is perfectly located to take advantage of the substantial growth taking place in this Opportunity Zone. In 2016, major international corporations announced expansion or investment that have a total estimated economic impact of $3.9 billion. 

Charleston has transformed itself into an award-winning destination that now offers a mix of desirable, high paying job opportunities. Initially, job growth was driven by Boeing; but with large corporations like Mercedes-Benz, T-Mobile, and Volvo all expanding in Charleston, the economy is positioned to continue booming. Experts project the automotive industry alone will create an annual economic impact of nearly $5 billion. The project will feature 34 apartment units along with an amenity area and will have 5,000 square feet of ground-floor retail. Project is now in "lease-up" phase.

A one hour ferry ride or 30-minute fast ferry ride from Seattle and you arrive at the heart of Bremerton, WA. This project has three elements to it. Tower One of Multifamily housing with 125 market rate units. Tower Two of multi-family has 145 units of which 45- 90 are expected to be furnished units dependent on market condition. The remaining will be standard market rate units. The final element of this development is a new parking garage with 382 stalls.

This project is a conversion of a former 100,000 sf Sears, which is being converted to 645 climate-controlled storage units. The site totals 14 acres. With a lower parking requirement for storage, the remaining land is being positioned for multi-family development. There is high job growth in the immediate area. Melbourne is often called a “big business community with a small-town feel,” and is home to numerous high-tech companies including L3 Harris, Northrop Grumman Corporation, LockheedMartin Space Systems, Leonardo DRS, as well as countless manufacturers.

We received $5,178,320 by way of cash out refinance earlier in 2021, with sale of pads for multi-family development expected in 2022. At stabilization, we anticipate $3.8M being returned through an additional cash out refinance.

This project is an exciting rehab project in South Bend, IN and was acquired in the second quarter of 2022. Formerly a medical office building, this 57,000 sf building will be converted to 70 multi-family apartments. This building is perched on one of the highest points in South Bend and has great views of both downtown South Bend as well as the University of Notre Dame. This property is located approximately one mile from the University. Through aggressive negotiations this building was acquired for $44 psf. In addition to the conversion of the building to multi-family, there is also additional land where we anticipate being able to develop townhomes. It is expected that we will either partner with our current development partner or sell the excess land.

Located in the “NOMO” district of Charleston, this new construction storage facility is perfectly located to take advantage of the substantial growth taking place in this Opportunity Zone. This building has 914 units of climate-controlled storage. Located directly next to Hwy 26, it is well-positioned in the heart of the most active development in Charleston. This project was completed in September 2020 and is currently in “lease up” phase.

This property was previously a 40,000 sf warehouse which has been re-purposed for climate-controlled storage. Taking advantage of the high ceiling clearance, two additional stories of storage units were added for a total of 1,075 units. This location is in the heart of downtown Tulsa, close to the BOK Center, and is used for paid parking during events. The renovation is complete and is currently being leased up.

This project is a former 101,968 sf Sears located in the gulf coast community of Bradenton, FL. It is conveniently situated just South of the Tampa/St. Petersburg metro area. This building will be converted to 686 climate-controlled storage units. The purchase was made in December of 2019. The conversion was completed in August 2020, and leasing commenced in October 2020. The Sears was on the East end of the DeSoto Mall which has plans for the rest of the mall to be torn down and redeveloped into a new mixed use development

This project is a former Sams Club Wholesale store, (closed when they relocated to a new larger facility), which is being converted to indoor, climate-controlled storage with 514 units. In addition to the storage, we anticipate the sale of a pad for an additional $1.25M in year one. Upon stabilization, we anticipate receiving back an additional $2M in refinance proceeds.

Located in the transforming downtown market of Phoenix, AZ, the 2nd fastest growing, and 5th largest city in the country. This new ground-up development construction project is located in the desirable Roosevelt Art District across from a grass city park and just a couple blocks from light rail station. Arizona State University is the largest university in the US and has recently expanded the university with a downtown campus of nearly 15,000 for the business and graduate school. It is a smaller project of only 70 units and a small amount of retail wrapping the concrete parking pedestal. Lower leverage of 53% LTC should enhance available cash out refinance.

Originally built as a casino in the late 1970’s, this mixed use project was acquired in September 2019. With massive ceiling heights of 20’ plus, this building lends itself well to providing open, flexible, creative space—as well as live/work lofts. This space is ideal for small, high-growth companies, artists, or entrepreneurs looking for a flexible place to grow. Second floor perimeter units offer a unique option to fit needs for either live-in, work—or both. Construction is anticipated to begin in late 2021 and completed in early 2023. This site was purchased for $2.5M ($43/sf)

Located adjacent to the city hall in downtown Meridian, Idaho, this new project is a mixed-use multi- family apartment project. Meridian was recognized by WalletHub as the 3rd fastest growing city in the country since the 2010 census. Site work is underway, and the project is slated to start construction in late 2021. The 350 unit, 7 story project will be modular pre-build for quicker project completion. The fund is participating as Co-GP with the developer.