Property Details
Stabilized Cashflow  Repositioning Opportunity  Ground-Up Development 
Asset Profile
Opportunistic

Parkview Apartments

Champaign, IL

Multi-Family Property

Only 1 spot left to invest

Apply to Invest
Green Street Realty Champaign, IL
Green Street Realty
  • IRR 21.7%
  • Equity Multiple 3.59x
  • Hold Period 10 Years
  • Minimum Investment $50K
  • Year 1 Cash on Cash 0%
  • Stabilized Cash on Cash 11.4% in Y3
  • First Distribution Sep 2020
  • Distribution Frequency Quarterly
  • Co-Investment 35.4%
  • Preferred Return 8%
  • Investor Profit Share 45%
  • Asset Profile Opportunistic
  • Loan-to-Value 80%
  • Current Occupancy N/R

About this Property

Why This Property?

Christopher Saunders, Green Street Realty: "This is an outstanding location in our market. Its located walking distance to restaurants and bars in downtown Champaign and located in the middle of historic West Side Park. The park is surrounded by mostly owner occupied condos, allowing this to be the only new apartment development located in the immediate area. There has been very little new inventory and we expect this to be a very popular development."



Why Do You Like This Strategy?

Christopher Saunders, Green Street Realty: "Our strategy has been highly successful on previous developments in this market because we are so heavily involved in all aspects, from the design and construction of the building, the management of the asset after construction and our interest in holding the development for the long term after refinance and stabilizing it. We have set up our partnerships with a simplified waterfall in which investors receive a preferred return and see all their capital returned in a 3-5 year window while retaining pro rata ownership for a much longer term hold."



How Are You Mitigating Risks?

Christopher Saunders, Green Street Realty: "Our knowledge and large presence in this market helps us to choose and acquire only the best locations for development. Our team handles everything internally, from acquisition, construction, management and lease up of the property from start to finish. This hands on approach helps us keep our costs low, allowing us to build at a lower price than our competitors in the marketplace. We try to keep our rents reasonable, which helps us get the property to stabilization much quicker which allows us to pay investor returns sooner and still have plenty of room for rent growth and higher investor yields."

About this Property

Why This Property?

Christopher Saunders, Green Street Realty: "This is an outstanding location in our market. Its located walking distance to restaurants and bars in downtown Champaign and located in the middle of historic West Side Park. The park is surrounded by mostly owner occupied condos, allowing this to be the only new apartment development located in the immediate area. There has been very little new inventory and we expect this to be a very popular development."



Why Do You Like This Strategy?

Christopher Saunders, Green Street Realty: "Our strategy has been highly successful on previous developments in this market because we are so heavily involved in all aspects, from the design and construction of the building, the management of the asset after construction and our interest in holding the development for the long term after refinance and stabilizing it. We have set up our partnerships with a simplified waterfall in which investors receive a preferred return and see all their capital returned in a 3-5 year window while retaining pro rata ownership for a much longer term hold."



How Are You Mitigating Risks?

Christopher Saunders, Green Street Realty: "Our knowledge and large presence in this market helps us to choose and acquire only the best locations for development. Our team handles everything internally, from acquisition, construction, management and lease up of the property from start to finish. This hands on approach helps us keep our costs low, allowing us to build at a lower price than our competitors in the marketplace. We try to keep our rents reasonable, which helps us get the property to stabilization much quicker which allows us to pay investor returns sooner and still have plenty of room for rent growth and higher investor yields."

Offered By

Green Street Realty

Green Street Realty

Champaign, IL

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
$250MM 100+ assets
Exited
$80MM 50+ assets
Portfolio LTV
68%  
Historical
Realized Returns

Total IRR
24%  
Equity Multiple
N/R  
Annual Cash
18%  
Years Of
Experience

As Principals
15+ years  
In Business
15 years  
Size
45 Staff * Dedicated investor relations
* All information is reported by Green Street Realty as of 7/16/2019.
Assets Under
Management

Currently
$250MM 100+ assets
Exited
$80MM 50+ assets
Portfolio LTV
68%  
Historical
Returns

Total IRR
24%  
Equity Multiple
N/R  
Annual Cash
18%  
Years Of
Experience

As Principals
15+ years  
In Business
15 years  
Size
45 Staff * Dedicated investor relations
* All information is reported by Green Street Realty as of 7/16/2019.

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

Sponsor Diligence Report

Login or Register to View Report

Available to Accredited Investors:

  • View principal experience
  • Review background check results
  • Track record verification
Diligence Preview

Location Details

Champaign, IL

Located on historic West Side Park and within walking distance to vibrant Downtown Champaign, Parkview Apartments offers an outstanding mix of luxury studio, 1 and 2 bedroom apartments.

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 Green Street Realty and/or RealCrowd a message. If you have a question about this offering ask Green Street Realty. 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 Parkview Apartments.

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

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