141 South Meridian Street

12.0%
gross ann. return*
term remaining
B
Cash Flowing to Investors
Current Ann. Return 12.0%
Accrued Ann. Return
Gross Ann. Return* 12.0%

Investment Details

Current Ann. Return 12.0%
Accrued Ann. Return
Gross Ann. Return* 12.0%
Term Remaining – of –
Min. Investment $5,000
Investment Size $250,000
Security Type Equity

Key Deal Points

Strong sponsorship

Sponsor with 90+ year track record, including properties such as 555 5th Ave, NYC, and a 20% equity investment.

Fully occupied property

100% occupied NNN retail/entertainment property producing a current cash-on-cash return of 12% to investors.

Great location

The heart of Indianapolis’s downtown entertainment district; walking distance to Bankers Life Fieldhouse (Pacers), Indiana Convention Center, Amtrak Union Station, and Lucas Oil Stadium (Colts).

Current cash return

Sponsor believes real estate capital markets are incorrectly pricing the risk difference between “core” and “secondary”. This makes it possible to earn an 12% current cash return on a stabilized asset with A+ location in the market.

Fundrise Rating

The Fundrise Rating is a letter rating ranging from A to E that provides investors with the ability to easily compare investments across the Fundrise platform. The Fundrise rating measures the relative risk-adjusted return of an investment. Learn more
B3
A
1
2
3
B
1
2
3
C
1
2
3
D
1
2
3
E
1
2
3
Category Assessment Points
Capital Senior to Fundrise 60-69% 3
Capital Junior to Fundrise 20-29% 3
Location Secondary 2
Occupancy Occupied 1
Development Phase Stabilized 1
Sponsor’s Track Record $250 million or more 1
Overall 11 B3

The information contained in the Fundrise Rating is for informational purposes only. It is impersonal and not individualized for any specific investor's financial situation and is not investment advice. These ratings are not intended to be, nor should you interpret them to be, a prediction of how a particular investment will actually perform. You should always carefully consider investments in any security and be comfortable with your understanding of the investment. You may also consider consulting investment professionals.

Capital Structure

Type Source % of Total Amount
Common Equity Sponsor & Private Investors 26.2% $1,154,000
Common Equity Fundrise Offering 5.7% $250,000
Senior Debt Citi Group GMRC 68.1% $3,000,000
Total 100.0% $4,404,000

Property Summary

We are under contract to purchase a “retail condo” in downtown Indianapolis. The property comprises 13,110 square feet and is 100% occupied by two tenants, Tilted Kilt and Howl at the Moon. Both are national entertainment concepts.

Address 141 South Meridian Street
City & State Indianapolis, IN
Neighborhood Downtown
Product Type Retail / Tilted Kilt, Howl at the Moon
Project Phase Stabilized / 100% NNN Occupancy

Market Summary

Indianapolis is growing, thanks in large part to the State’s low cost of doing business; the City’s low cost of living and quality of life; and the work that the City and the Indiana State governments have done to encourage population migration and job growth.

About the Sponsor

Damon Hemmerdinger

Co-President

Neil Adamson

SVP, Acquisitions and Finance

Ryan Huber

Acquisitions Associate

Avi Itzikowitz

Director of Operations

Paola Shaddow

General Counsel and Chief Compliance Officer

Real estate defines the communities in which we live, work, and play, and ATCO invests in projects that will yield positive community returns, as well as build value for our investors. We view the future of America as taking place in the downtowns of our cities, and we see overlooked opportunities in the downtowns of America's smaller, growing cities, places such as Austin, TX; Nashville, TN; Indianapolis, IN; and Charlotte, NC.

View full profile

Other Past Investments

DC Luxury Condo Loft Conversion

Washington, DC
D
Gross Ann. Return* 15.0%
Term Remaining 0 mo.
Underlying Security Preferred Equity

Atlanta Condo Pre-Development Loan

Atlanta, GA
B
Gross Ann. Return* 14.0%
Term Remaining 0 mo.
Underlying Security Senior Debt