06/14/2022
I am very happy and grateful to announce that today, along with my partners we acquired Boston Woods Apartments, 174 unit’s apartments in San Antonio, TX. I am humbled & blessed and wanted to Thank to all the investors who invested with us.
This institutional quality investment is a 174 unit, Class C apartment community located in the strong Class B community of San Antonio, TX. According to Costar data in May 2022 San Antonio secured the top spot among the nation’s cities in terms of adding more people between mid-2020 and mid-2021, according to the most-recent batch of estimates released by the U.S. Census Bureau.
My heartfelt Thanks and Gratitude for my mentor and Guru @ James Kandasamy for helping me in this. The deal sourced through Achieve Academy and Big Thank you for James who is the “Queen of Value Add Property Management” of Achieve properties and the great team of experts, who will be managing this property for us.
I would like to take the opportunity to thank everyone involved in this acquisition, including all of our investors, Hart from Berkadia , and the legal team of @ Milton W. Colegrove Jr. and Nieh for helping us in this transaction.
Our sincere thanks to @ Cody from Berkadia Team, for the trust in us and helped in all the hurdles during this toughest transaction.
Big shout out to Syndication Pro @ Osbert Luong for supporting us in the investors portal.
If you are curious about this 506 B offering, here is the detail:
Projected 5 year Returns:
2.0-2.2x - Equity Multiple
7-8% - Average Cash Flow
14-16% - Average Annualized Return
• Property Management: Achieve Properties
• Numbers of Units: 174
• Property Total Cost: $21Million
• Capital Raised: $7M
• Minimum Investment: $50,000
• Date of Closing: June 13th, 2022 .Please reach out to me incase if you are looking to participate in my future offerings.
