Lakeside Apartments
Clearfield, UT | Long Term Hold
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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
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%
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
Price Per Share
$10
Shares Offered
500,000
Total Equity Offered
$5,000,000
Holding Period
36 Months
Dividend Schedule
Quarterly
First Dividend
January 2028
Property Type
Multi-Family
Building Size (sqft)
316,217
Year Built
2027
Units
299
Clearfield, UT
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)
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.
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.
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
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Accredited only with min investment: $25,000
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Key Updates
June 28, 2024
Passed Relli Screening
July 15, 2024
Listed on Relli
Documents
Lakeside-Apartments.pdf
Detailed Project PDF