Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.
CrowdStreet, a real estate investing platform, is opening a new commercial real estate investment opportunity Wednesday for preferred equity in a Washington, D.C. office building with strong occupancy.
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The investment offering, 2233 Wisconsin Ave Preferred Equity, will help fund the expansion of the property’s anchor tenant, MedStar. The tenant recently signed a new 10-year lease, and the expansion will increase the 151,108-square-foot property’s occupancy to 96.7%.
Investment Highlights: Preferred equity investors will receive a 10% current interest rate, paid quarterly, with 4% being accrued and compounded monthly. Additionally, the preferred equity will receive a 1% origination fee and extension fees, resulting in a targeted 15% IRR over three years.
- Minimum Investment: $25,000
- Targeted Investor IRR: 15%
- Targeted Equity Multiple: 1.5x
- Targeted Average Cash Yield: 11.3%
- Targeted Investment Period: 3 years
Deal Sponsor: The deal is being sponsored by JOSS Realty Partners, which has owned the property since 2014. The company has invested over $6.5 million for capital improvements since owning the property and has maintained an average occupancy of 84% from 2014 through 2020.
The firm has a proven track record with similar office properties in prime central business district locations in New York, Philadelphia, Washington, D.C., Boston, South Florida, Los Angeles and San Francisco.
You can find more details on this opportunity, as well as other crowdfunding offerings on CrowdStreet’s investment platform.
Photo: courtesy of CrowdStreet.
The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.