Completed
Mosby Lakeside Apartments
Pooler, GA
Overview
Asset class
Private credit
Asset type
Real estate debt
Strategy
Fixed income
Funds
Income Real Estate Fund
Updates
New acquisition
November 15, 2018
Like many areas across the South, Savannah’s economy is expected to grow faster than the national average, increasing demand for new apartments.
New acquisition: 316-unit apartment development near Savannah, GA
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Progress update
August 28, 2019
Nine months after we invested, Mosby Lakeside is beginning to take shape, while our investment earns a 12% annual return.
Progress update: Construction under way on Savannah area apartments
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Progress update
September 24, 2020
The successful completion of each construction milestone reduces overall risk, while our investment continues to earn a 12% annual return.
Photos: Construction complete on Savannah-area apartments
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Exit
October 2, 2021
The project generated an annualized return of roughly 15.5%,¹ supporting quarterly dividends for Income eREIT II investors.
Savannah-area apartment investment pays back successfully
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Asset type
Real estate debt
Real estate debt involves financing a stage (land development, construction, etc) of the builders’ development in return for interest payments over a set duration of time.
Our strategy
Fixed income
Provide real estate backed loans or similar financing
- Expected variability of return: Low
- Timing of expected return: Typically begin earning interest immediately
- Primary expected source of returns: Interest income
This section is intended to provide a general overview of the Fixed income strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.