1000+ investors. 21 projects, 9 sold, diversified across 11 states and 17 metros. $436M as-completed project value.
Located in Dalton GA, Park Canyon is a 151 unit stabilized Class B multifamily in the high growth corridor between Chattanooga and Atlanta. Acquired in November 2018, the property overperformed continuously with occupancy near 100%, and collections at 100% throughout the pandemic. 29 additional units were built on the site, and they quickly leased up. Issuing distributions since inception, this property was sold in 2022 with class leading returns.
This 116 unit new construction apartment complex in St. George, UT is fully built and consistently over 95% occupied. We raised rents multiple times during pre-leasing and current rents are coming in an average of 15% higher than originally projected. The project has refinanced out of construction lending and is currently distributing profits to our investors. Fully subscribed.
This well maintained value-add 194 unit project in suburban Atlanta is in a submarket with incredible schools, and currently provides cash flow of 10%+ to investors. We have rebranded the property, and are renovating units and pushing rents per our business plan. Occupancy has been strong and collections have been stable during the pandemic. Issuing 11% distributions. Fully Subscribed.
Purchased in March 2019, Equinox on Prince is a 114 unit property in Tucson AZ with new medical centers and malls nearby. Under market rents and tired units provide major value-add opportunities. COVID presented challenges for this property, but we were able to get back up to 98% Occupancy, with significant reduction in expenses. Property sold in the summer of 2022 with record setting returns of 51% IRR and 123% ARR.
Our first self-storage project, Storage Depot is a 718 unit value-add storage facility with adjacent land for expansion. We have rebranded and repositioned it as a green facility by adding two solar arrays to power the entire complex, more climatized storage units, and RV parking. Construction completed in early 2022 and the project issued distributions throughout. Property sold in 2022 with extremely high returns at double what was originally projected.
This 217 unit student housing development in Buffalo, NY completed construction ahead of schedule, despite COVID-19 delays. The Building is leased up at over 96% and gorgeous! General Partners contributed an astonishing 85% of the equity for this stunning iconic project next to the Medical campus at the University. The project is refinanced and distributing 17% annually on current equity. Fully subscribed.
Our first project in Jacksonville FL, Lakewood Oaks is a 138 unit Class C (vintage 1974) in an emerging Class B area, acquired in Feb 2019. With under market rents, and no renovated units, this was a true value add. We completed re-branding and renovated many units. Due to the very hot market in Jacksonville, this property was sold in 2021, earlier than originally planned, with returns higher than original projections.
Acquired in September 2020, our first property in Greenville, SC was a 120 unit property in a stable growth area with cumulative effective rent growth of 15.9% (3.2% annually) and an average occupancy of approximately 95%. The project performed above projections. We boosted profit through unit turns, some property improvements and by pushing consistent rent increases. Sold in May 2022 with 60% IRR returns.
Located less than 2 miles from our Windward Forest property, Chelsea Place is more upscale with town house type units, beautiful foliage and rolling terrain. This 174 unit property was purchased in Dec 2018. Covid had presented challenges with collections, but the property successfully maintained high occupancy. Renovations were put on hold, but the property still performed well. Chelsea Place was sold in the summer of 2021 with solid returns.
Launched in June 2021, Equinox Townhome in New Braunfels, TX is a new construction, 122-unit townhome community in the high growth Austin-San Antonio corridor. The $43.3M development features spacious living, an A+ rated school district, a fantastic location across from services and HEB grocery, and leverages the emerging BTR model, which attracts higher-income tenants that rent by choice, and have average turnover lower than conventional apartments.
In spite of COVID-19 Windward Forest sold with a 22% IRR and 24% AAR vs 18% and 21% projections. It was our first property in East Atlanta, a 216 unit Class C value-add opportunity acquired in 2018. The Grocapitus Efficiency Center played a vital role to keep occupancy high (avg 95%+) and added a whopping 6500 leads which led to 31 leases. These efforts increased the value at sale by $358,714. Sold!
Our first Industrial project launched August 2020, Woods Cross is a shovel ready FLEX Industrial project in the Salt Lake City metro. Fully zoned and entitled, the project consists of 6 Buildings, with the land purchased, and permits and lending terms in place. Construction completed in 2023, now 100% leased. Fully subscribed.
We loved this property so much, we bought it again in 2022! Located in Dalton GA, Park Canyon is a 180 unit stabilized Class B multifamily in the high growth corridor between Chattanooga and Atlanta. Occupancy and collections consistently exceed 90%. This property is a true gem, where residents love to live. Fully subscribed.
Our first post-Covid project was this new construction, Class A BTR Fourplex, with multiple exit strategies that target a larger pool of buyers upon exit. The units are of extremely high quality, ideal for a long term hold. Construction completed 2023, with the project now averaging occupancy in the mid-to-low 90's. Fully subscribed.
This 320 unit, new construction apartment complex is a modern, Class A development ideally located within Phoenix's flourishing West Valley. Located in the Fastest Growing County in the nation four years in a row, the project's construction commenced in May 2022, and will complete in January 2026, with lease-up ongoing.
Launched May 2021, Equinox Idaho Falls is our first new construction townhome community based in Idaho Falls. It is a Class B, 66 unit fourplex community in an appreciating, desirable residential neighborhood. It is next to shopping, schools, services and employment centers. Neal and Anna will hold 25%+ of this community personally. In late construction, Phase 1 delivered and occupied with the rest completing in early 2023. Fully Subscribed.
Country Place is a 137 unit, 2 bedroom community in central Texas. Acquired in January 2022, the business plan to rebrand the property, upgrade the common areas and renovate 60 units to bump rents was successfully completed in mid-2023. Fully subscribed.
Nova RTP1 consists of 46 contemporary townhomes in Durham, North Carolina. The project's construction is complete. At present, we are in the process of selling the last remaining units. Fully subscribed.
Mill Race is a gorgeous multifamily development that was Opportunity Zone fund eligible. Initial construction encountered delays due to Covid-19. However, the project was re-scaled and value engineered to optimize size. Construction began in 2021 and was completed during the first half of 2023. Fully subscribed.
New, ground-up, Class A, 240-unit A class property in the high-growth sun-belt metro of Mesa, AZ. Construction completed in early 2025, with lease-up and stabilization ongoing.
This eco-friendly, 210 unit tech-enabled micro home rental community in one of the fastest growing counties in the U.S. Shorter development timeframes due to the project's unique modular design reduces risk. Each independent micro home is modern and stylish. Fully subscribed.
Equinox on Lincoln is a 92-unit BTR townhome community in ultra-fast-growing Idaho Falls, ID. It is in the same metro and possesses a similar community and building design, as well as the same target renter as Equinox Idaho Falls, our successful and profitable BTR townhome project. Several phases of townhomes have been delivered, and well-received with lease up in full-swing. Construction of remaining townhomes is scheduled to complete in Spring 2026. Fully subscribed.
The Townhomes at Equinox on Lincoln Project Phase II is a 75-unit townhome development with 3-bedroom, 2.5-bath units. Each townhome unit is 2 stories with a two-car garage parking. The design features an open-living concept with large spaces for comfortable living. By using stick-built construction we are able to complete the project extremely quickly using a simple, proven method that is relatively inexpensive.
Park Avenue Villas is a 121-unit townhome style multifamily built in 1984. The one-story townhome community features ground floor private front and back entries and a low-density site plan. Each unit has a fireplace and private backyard. We completed our renovation, which materially improved resident satisfaction and reduced turnover below industry norms, while realizing the anticipated rent bump per the business plan. Fully subscribed.
Monarch Villas is a 130 unit Garden style Class B multifamily community across 7 acres. The property is located in Sandy Springs, a desirable, highly accessible Northern suburb of Atlanta. Since the purchase, the property has stabilized occupancy, and experienced an overall gain to lease (average rents charged above market rates), with successful renewals at higher than market rates. Fully subscribed.
Equinox at Midtown is a 193-unit Class B townhome-style value-add multifamily built in 1984. The property is well-located off the I-24 and I-75 connector in Chattanooga, TN. We are strategically updating ~40% of the units to enhance immediate appeal. All exterior renovations, including rebranding, refurbishing the pool area and furnishings, revitalizing interior common areas and upgrading the landscaping are complete. Fully subscribed.
Grocapitus Investments exists to find and present rock-solid commercial real estate investments to our highly valued capital partners. In addition to producing attractive risk-adjusted returns for our investors, we strive to enhance the life of every tenant, team member, and individual that comes into contact with our business.
We help people become financially free by investing in multifamily apartment buildings, student housing, and industrial properties in high-quality markets nationwide. To accomplish this on a consistent basis, our rock star team executes our proprietary data-driven process for identifying, acquiring, managing, stabilizing, optimizing and divesting cash-flowing value-add Class B and C properties. We also build best in class new construction multifamily, student housing, flex industrial and self-storage projects.
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