Garden-Style Apartment Community, Santa Monica

This offering funds the acquisition of a 207-unit garden-style apartment community on Ocean Park Boulevard in Santa Monica, Los Angeles. Planned upgrades to kitchens, landscaping and the clubhouse are expected to support rents over the hold period.

Highlights

• Price per share: $500
• Total raise: $3,000,000
• Target distribution range: 5–7% per year, paid quarterly
• One-time payment
• Capital returned at exit (subject to performance)

The opportunity

The equity raise of $3,000,000 is divided into 6,000 shares priced at $500 each, alongside moderate leverage. The planned hold period is about 6 years, with distributions, if any, projected quarterly from net operating income.

Key risks include tenant turnover, regulatory changes and the illiquidity of the investment.

The neighborhood

Santa Monica combines beach living with a walkable downtown, the Expo light rail to Downtown LA and some of the best farmers markets in California.

Good to know

• Identity verification (KYC) is required before investing.
• Distributions are projections and are not guaranteed.
• Shares are illiquid and are generally held for the full planned term.

Important information

Projected distributions are estimates based on the sponsor's business plan, are not guaranteed and may be lower or delayed. Capital is at risk and investments may be illiquid for the full hold period. Please read the offering documents and the EstateFull investment risk disclosure before investing.