Do you think Raleigh Short-Term Land Banking Fund is a good investment?
YES
NO
AcreTrader is introducing a new opportunity to invest in a fund offering with a short-term, 34-month targeted hold period with expected quarterly distributions. Proceeds raised by the fund will be used to partially finance the land acquisition and horizontal lot development of two single-family residential communities in the Raleigh, North Carolina MSA.
Terms
Min. Investment$20,000
Target IRR14.60%
Target Return15%
Property Type–
Target Hold Period3 years
Target Raise$1,000,000
Close Date–
Benzinga's Take
The Property is located in the Raleigh MSA and approximately 18 miles from downtown Raleigh. The Raleigh MSA is one of the fastest growing metropolitan areas in the nation, with population growth averaging 2.8% annually since 2000. Wake County, North Carolina’s median household income is 29% above the national average. A lack of resale inventory of existing homes, population growth, rising housing prices, and rising interest rates has led to limited supply of both new and existing homes. As such, demand for newly constructed homes is expected to remain in high demand.SUBSCRIBE TO BENZINGA ALT RATINGS
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What is the target raise?
Target raise is $1,000,000
What is the minimum investment amount?
Min. investment is $20,000
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