New Offering For Houston Multifamily Real Estate Investment With 17.4% Target Annual Returns

The real estate crowdfunding platform CrowdStreet recently launched a new offering for The Link Apartments, a 438-unit multifamily property in West Houston with a target internal rate of return (IRR) of 17.4%

The deal sponsor is raising up to $18.5 million in equity to meet capital obligations associated with the acquisition of the garden-style apartment community that was built in 1999. The property has strong occupancy and a $1 million per year tax abatement, allowing the sponsor to offer an attractive 10% preferred return. 

Investment Highlights: While the property is already sitting at a 95% occupancy rate with positive cash flow, the sponsor has identified an opportunity to increase rents by completing renovations within the units. The budgeted $10,000 per door renovations are expected to result in an additional $150 in additional monthly revenue for each unit. 

• Minimum investment: $25,000
• Target IRR: 17.4%
• Target annual cash yield: 9.6%
• Target equity multiple: 2x
• Target investment term: 5 years

View offering details on CrowdStreet

Deal Sponsor: The opportunity to invest in The Links Apartments is being offered by Post Investment Group. The company has acquired over $1.5 billion of properties encompassing more than 24,000 units across 15 states, including 60 different affordable housing transactions encompassing over 9,000 units.

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