Property Details
Repeat Sponsor  Below Market Rents  Repositioning Opportunity 
Asset Profile
Value Add

ApexOne Multifamily Fund III, LP

Nationwide

Multi-Family Fund
ApexOne Investment Partners Houston, TX
ApexOne Investment Partners
Targets
  • IRR 13-15%
  • Equity Multiple 1.9x
  • Hold Period 3-5Y
  • Minimum Investment $100K
  • Year 1 Cash on Cash 7-9%
  • Stabilized Cash on Cash 7-9% in Y2
  • First Distribution Mar 2019
  • Distribution Frequency Monthly
  • Co-Investment More than 1%
  • Preferred Return 8%
  • Investor Profit Share 80%
  • Asset Profile Value Add
  • Loan-to-Value 65%
  • Current Occupancy N/R

About this Fund

The ApexOne Multifamily Fund III will concentrate primarily on investing in value-added workforce housing across the United States and secondarily, in student housing at non-primary public colleges and universities to achieve the projected 13%-15% net returns to the investors. This projection is based on the track record and experience of the manager in both segments.

Workforce Housing Thesis:

The expanding supply and demand imbalance between the number of affordable workforce apartments and the growing USA workforce is favorable for value-added investment.

  • The size of the workforce in the United States will continue to remain at approximately 40% of the United States labor pool.
  • Wages in the workforce sector are low, stagnant, and lagging the economy, in spite of low US unemployment.
  • Record high, and continually rising construction costs, regulatory hurdles, and community activism create barriers to the development of new affordable workforce housing.
  • Rehabilitation and environmental enhancements to existing workforce communities is the most environmentally and economically sound solution to the expanding supply imbalance.

Secondary Public College and University Thesis:

Student housing tends to not be as volatile as other commercial real estate asset classes and performs well in a downturn which is something capital providers around the globe find compelling. Acquiring and enhancing housing at non-primary colleges and universities compliments our workforce housing strategy through both geographic and economic diversification. These schools and universities provide a high quality education at a lower cost for students from workforce families.

  • Cap rates and returns on investment in student housing at secondary schools are generally higher than market rate opportunities which is accretive to the funds balance and performance.
  • The rising cost of a secondary education, especially at private and primary state sponsored schools, is a concern of the workforce class.
  • The competition to gain admission to the larger state sponsored schools (and reasonably priced private institutions) will continue to increase.
  • The cost of construction of purpose-built student housing, and the environmental impact of new construction, will continue to increase.
  • Providing affordable, quality, student housing at secondary public schools in key locations is essential to the nations educational efforts.

Key Points

  • Highly experienced Sponsor with 150 years of combined senior leadership
  • Geographically diversified portfolio of 20 +/- workforce and student housing assets
  • Monthly or quarterly distributions of cash flow to investors at their option
  • 8% preferred return with 13-15% projected total IRR to investors
  • Overall fund leverage projected to be 60-65% at full deployment of capital

Offered By

Login or Register to See More Details

Available to Registered Users

  • Get to know the sponsor behind the offering with key information
  • See an overview of their experience and success
  • Understand their investment strategies
  • Easy access to contact the sponsor directly to learn more
Assets Under
Management

Currently
$586.6MM 10+ assets
Exited
$298.9MM 10+ assets
Portfolio LTV
67.3%  
Historical
Realized Returns

Total IRR
17.7%  
Equity Multiple
2.28x  
Annual Cash
10.8%  
Years Of
Experience

As Principals
30+ years  
In Business
7 years  
Size
9 Staff * Dedicated investor relations
* All information is reported by ApexOne Investment Partners as of 10/6/2018.
Assets Under
Management

Currently
$586.6MM 10+ assets
Exited
$298.9MM 10+ assets
Portfolio LTV
67.3%  
Historical
Returns

Total IRR
17.7%  
Equity Multiple
2.28x  
Annual Cash
10.8%  
Years Of
Experience

As Principals
30+ years  
In Business
7 years  
Size
9 Staff * Dedicated investor relations
* All information is reported by ApexOne Investment Partners as of 10/6/2018.

Financials

Login or Register to View Financials

Available to Accredited Investors:

  • Get an overview of important financial details to make a smarter investment
  • Analyze the financial pro forma to see how projected returns are distributed over time
  • Review source and uses and other important details
Offering Financial

Location Details

Nationwide

ApexOne targets Workforce Housing assets in suburban growth areas and secondary cities nationwide.

In the Student Housing space, ApexOne focuses on assets in at-campus locations of non-primary colleges and universities, student-centric environments, and schools that are affordable for workforce families.

Documents

Login or Register to View Documents

Available to Accredited Investors:

  • View, download, and print the offering PPM (Private Placement Memorandum)
  • View, download, and print the detailed financial projections
  • Access all of the important documents for this offering in one place
Offering Agreement Documents

Frequently Asked Questions

Below are some of the most frequently asked questions about this offering.

RealCrowd is free for investors. RealCrowd charges a technology access fee to the operating partner for our services. We do not charge investors any upfront fees, ongoing asset management fees or promote/carried interest in the investments.

RealCrowd offerings are open to accredited investors. RealCrowd does not recommend or advise on any offering on our platform. While we have minimum history and experience threshold for sponsors who post on our platform, if you are unable to perform your own due diligence, please consult with an attorney or financial advisor prior to making an investment.

RealCrowd is a marketplace that connects investors with qualified sponsors. We strive for transparency and impartiality. For this reason, we do not participate in any offerings on our site.

Have a Question?

Send ApexOne Investment Partners and/or RealCrowd a message. If you have a question about this offering ask ApexOne Investment Partners. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.

Please resolve the captcha and submit.

We'll get back to you soon!

In the meantime, you can create an account to view detailed information about ApexOne Multifamily Fund III, LP.

In the meantime, please review the offering documents and financials.

Signup for our free 6 week course on the fundamentals of commercial real estate investing.