Completed

Grand Reserve at Pavilions Apartments

Charlotte, NC

Overview

Asset class

Real estate

Asset type

Multifamily

Strategy

Value add

Funds

Update

New acquisition

April 28, 2017

This investment follows our “buy, fix and cash-flow” strategy, which focuses on acquiring properties where we believe value can be added.

New acquisition: Stabilized apartments in Charlotte, NC

Location

Charlotte, NC

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Asset type

Multifamily

Multifamily (MF) is a residential building designed to house multiple tenants. These properties can range from small to large apartment complexes with hundreds of units. With a boom in remote work and business-friendly local governments courting employers, more affordably-priced suburban apartment communities have generally experienced stable or growing demand. Multifamily’s resilient demand and scale enables us to leverage our integrated operating platform to drive long-term performance.

Our strategy

Value add

Acquire real estate that needs improvements and / or lease-up.

Expected variability of return: High
Timing of expected return: Several months to a year
Primary expected source of returns: Growth with some rental income

More about our strategies

This section is intended to provide a general overview of the Value add 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.

Associated fund

Closed Real estate

The Fundrise eREIT seeks to provide investors with current income and long-term capital appreciation, while maintaining low to moderate volatility and low correlation to the broader public markets through investments in a diversified portfolio of real estate assets.

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