What Southwestern City Topped CrowdStreet’s Annual 20 Best Places to Invest in Private Equity Real Estate list?
CrowdStreet recently identified their 20 best places to invest in private equity real estate this year- can you guess who is going to be number one? Read on to find out.
New Crowdfunding Platform Deals
Before we get to the #1 real estate market as crowned by CrowdStreet, let’s look at some new deals.
The Ascent, sponsored by Bookends North, is 72% funded out of its total target of $5,305,000. We’ve covered the ascent in a previous issue of the newsletter- it stands out for its unique construction material- timber, and the Ascent is set to be one of the tallest timber buildings in North America, coming in at 25 stories and 259 luxury units. If you’re interested in this opportunity, check it out at RealtyMogul before it fills up.
We’ve also got a new offering from CrowdStreet for your viewing pleasure, the St. Pete Marriott Moxy OZ. This opportunity zone development consists of a 163-room Marriot Moxy Hotel, which sits in Downtown St. Petersburg, Florida, in an area known as the EDGE District. It sits in close proximity to the home of the Tampa Bay Rays, Tropicana Field, which is undergoing a sizeable $3 billion redevelopment. The St. Pete Marriott Moxy OZ has a targeted investor IRR of 14.7%, a targeted equity multiple of 2.7x, a targeted average cash yield of 15.3%, and a targeted investment period of 10 years.