Rise Blue Ridge in Charlotte, North Carolina

Author

Sophie Nguyen
June 11, 2024

Hello Cashflow Hackers,

We are excited to announce that we are under contract to acquire W Flats Apartments, which we will rebrand to “Rise Blue Ridge” in Charlotte, North Carolina. Rise Blue Ridge is 247 units built in 1986. The property is a B+ class asset located in a B+ location of the Charlotte MSA. It offers immense upside with the opportunity to renovate 99% of the units (245 units). 

★ 25%+ Discount 

★ Max Interest Rate Cap of 4.75%

★ Sourced from a Distressed Seller

We are accepting 1031 exchanges into this deal.

APPROXIMATE RETURNS

1.87x - 1.95x
Equity Multiple

17.5% - 19.1

Average annual returns

5.0%
5-year average cash flow

2 - 5 years
Hold time

Monthly
Distributions and reports

$50,000
Minimum investment

With limited spots, the investment operates on a first-funded basis. Your commitment is secured once we receive your funds.

WHY THIS INVESTMENT?

1. IT'S A GREAT DEAL 🙌🏼

The purchase price is 27% discounted compared to other similar properties in the area because we are buying from a distressed seller.

Population Growth Charlotte ranked #5 in the US for population growth from 2021-2022. Charlotte is the 15th most populous city in the United States (US Census Bureau). 

Job Growth Charlotte ranked #4 in the US for Job Growth (US BLS, Dec 2022).

Rise Blue Ridge is a B+ class asset located in a B+ submarket of Charlotte, North Carolina. The property is located in the premium East Forest submarket.

  • 7 miles away from Wells Fargo East Coast Hub (27,000+ employees)

  • 5 miles away from Novant Matthews Hospital (1,400+ employees)

  • 7 miles away from Bank of America National Headquarters (16,000+ employees)

The property offers a significant value-add opportunity, as we will renovate 99% of the units (245 units).
We will also completely rebrand the asset to “Rise Blue Ridge” with new exterior paint, a new monument sign, and improved marketing banners.

2. EXCELLENT OPERATOR ✌🏼

Rise 48 bought 48 deals and had sold 11 deals so far. All made really good returns to investors. The founders personally invest significant capital into each property alongside their investors.

That's some important alignment that I am looking for in an operator team. 😎

With strong fundamentals, vertically integrated management, and their experienced, local teams, they are well positioned to execute their business plans.

Watch the webinar below where our team and Zach - the founder of Rise48 presenting the deal and explaining the business plan.

3. FAST EXECUTION 🚀

Rise 48 has been renovating a lot of units at a great speed and they were able to increase rents at similar properties in the same Dallas-Fort Worth market.

I was at their properties and saw the exterior renovation were being done just 1 month in after closing. 👀 

Deadlines:

Signed Docs Due: 06/18/2024

Funding Due: 06/21/2024

Closing: 06/28/2024

FAQS

Q: When is the deadline to invest? ⏰

The deal is open from June 7th. You can soft commit right away. First fund first serve, so please wire as soon as you can after that. Funding accepted until June 21th.

Q: What is the minimum investment? 💰

$50,000

Q: Can I refer a friend? 🤗

Yes, your referral automatically satisfies the pre-existing relationship requirement from the SEC for our investment opportunities. Feel free to forward this email to your friends and family.

Q: Can I invest with my retirement account? 🌱

Yes, Self Directed IRA (SDIRA) funds are accepted to help decrease your dependence on the stock market roller coaster.

Q: Any special perks for Real Estate professionals? 🏡

Yes! Real estate professional investors can have tax benefits through cost segregation.

Q: I have a couple questions, can we chat? 📲

Absolutely! Text me, DM me, I'd be happy to hop on a call with you and answer any questions you have about this deal or otherwise. To grab 30 minutes on my Calendly click here.

Disclaimer: I am not a CPA, attorney, or insurance advisor. Nothing contained within this website, emails, videos, or other content from me constitutes financial, investment, tax, legal, insurance, or other advice, nor should anything contained within this website, emails, videos, or other content from me be relied upon for making an investment or other decision. You should consider obtaining relevant and specific professional advice before making any investment or other decision. If you need such advice, please contact a qualified CPA, attorney, insurance agent, or financial advisor. Linked items may create a financial benefit for Sophie Nguyen.