Lakeside Apartments

Clearfield, UT | Long Term Hold

Reserve Your Shares – Don't Miss Out!

Lakeside Apartments is a proposed 299-unit mixed-use development on a 5.85-acre site within a Federal Opportunity Zone. This project will replace a single-story...

Investment Returns

Earn Returns with in Two Ways:

  • 1. Annual Cash Flow: From rental income, paid out quarterly.
  • 2. Annual Appreciation: From property value increases, paid upon sale.

Annual Dividend

7%

Annual Appreciation

5%

Total Annual Return

12%

Return Potential

Average

Investment Summary

message

Annual Rent

$6,600,000

Operating Costs

$2,724,310

Net Cash Flow

$3,875,690

Anticipated Annual Appreciation

Based on data from the Zillow Value Home Index (ZHVI) Single Family Homes Time Series, single family homes have appreciated 5% per year on average for the last 20 years (March 31, 2003 - March 31, 2023).

Est. Annual Appreciation

5%

message

Property Purchase Price

$6,212,496

Construction Cost

$79,594,442

Operating Reserves

$6,000,000

Total Property Amount

$91,806,938

Strategy

Long Term Hold

Project Duration

40 Months

Completed Value

$95,000,000

Estimated Exit Value

$162,000,000

message

Price Per Share

$10

Shares Offered

500,000

Total Equity Offered

$5,000,000

Holding Period

36 Months

Dividend Schedule

Quarterly

First Dividend

Jan 2028

message

Property Type

Multi-Family

Building Size (sqft)

316,217

Year Built

2027

Units

299

message

Clearfield, UT

owner
Berns Properties

Platinum Tier Developer

Berns Properties, a 50+ year old family-owned real estate investment group in Silicon Valley, develops and own...

Frequently Asked Questions (FAQs)
message

You're buying a portion of a property, which gives you part ownership. This approach allows you to earn from rental income if the property is rented out and benefit from an increase in the property's value over time.

message

Relli employs a rigorous selection process. Our team of experts evaluates potential properties based on location, potential for appreciation, historical performance, and alignment with our investors' goals.

message

While we carefully select properties, we understand that the real estate market can be unpredictable. However, we believe that our methods of scrutinizing risk will provide our investors the best chance at diversifying their money into real estate.

Reserved
$1,755,100

137 Investors | $5,000,000 Max

Reserve Shares

Investment Calculator

Click to Calculate Your Return

$

Est. annual return:

Your est. ROI:

Future value:

Your est. net return:

Accredited only with min investment: $25,000

Share via Social
Key Updates

check

June 28, 2024

Passed Relli Screening

check

July 15, 2024

Listed on Relli

Documents

Lakeside-Apartments.pdf

Detailed Project PDF

Similar Properties

Tustin, CA | 42 Investors

2,500,000 Goal

Redding, CA | 41 Investors

1,000,000 Goal

Downey, CA | 89 Investors

1,000,000 Goal

$3,244,900 Available | 137 Investors
Reserve Shares