CrowdStreet: Hudson At Georgia's Landing

Real estate investment platform CrowdStreet announced an offering for an equity investment opportunity in a built-to-rent development community in Garner, North Carolina, a suburb of Raleigh. 

The Hudson at Georgia’s Landing offering is the first phase of a two-phase development project that will be part of a larger 238-unit master-planned community. The first phase includes the development of 138 units in 28 buildings The majority of the residences — 100 units — will be two and three stories and enjoy the community’s luxury amenities.Construction is expected to be completed in 2024.

The community will include a resort-style pool, a clubhouse, a playground, a dog park and an outdoor fitness area. Project sponso Hudson Capital Properties anticipates the resort-style amenities will give the Hudson at Georgia’s Landing a competitive advantage over other multifamily housing in the area, which has seen substantial population and economic growth in recent years. 

Metropolitan Raleigh has become one of the fastest-growing and most attractive areas in the country. Over the past five years, its population has grown 14.2% — more than triple the national average. Urban Land Institute recently ranked Raleigh No. 6 on its Overall Real Estate Prospects 2023 list. U.S. News & World Report recently ranked Raleigh sixth on its list of the Best Places to Live 2022. Economic and population growth, combined with an affordable cost of living, will increase the demand for multifamily housing in the Raleigh metro, helping Hudson Capital secure and maintain high occupancy rates. 

An added benefit for investors comes in the form of qualified opportunity zone tax advantages. The tax benefits offered through the program include deferred capital gains until Dec. 31, 2026, and the potential elimination of taxes on new capital gains if the investment is held for at least 10 years. 

Hudson Capital Properties, a real estate investment and development firm founded in 2009, has been involved in more than $2.5 billion in real estate transactions. The New York-based group, with a satellite office in Raleigh, will be coinvesting 44% of the required equity alongside investors, demonstrating its commitment and confidence in the development. Hudson manages real estate valued at nearly $390 million. 

CrowdStreet will host a live webinar session at 10 a.m. Pacific Time on April 24.

The investment window will open 30 minutes into the webinar session.

The minimum investment for Hudson at Georgia’s Landing offering is $25,000.

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Photo courtesy of CrowdStreet