RealtyMogul has an active listing for Townhomes at the Trail, a luxury boutique, build-for-rent townhouse development located in the Metro-Detroit suburb of West Bloomfield. The community will feature 103 townhome units and has a target internal rate of return (IRR) of 20.2% to 22.2%, or 21.2% at the midpoint. Is this realistic? Let's find out. Offering Snapshot: Property Type: Townhomes Investment Type: Equity Investment Strategy: Development Target Hold Period: 36 months Minimum Investment: $3
EquityMultiple has an active listing for Lee's Summit Development, a build-for-rent, master-planned community of townhomes and villas in Lee's Summit, Missouri. The community will be named The Montage at Lee's Summit, and EquityMultiple has a head-turning target net internal rate of return (IRR) of 22.8%. Is this realistic? Let's dig in. Offering Snapshot: Property Type: Townhomes Investment Type: Equity Target Closing: January Target Hold Period: 36 Months Minimum Investment: $15,000 Projected
The real estate team here at Benzinga got together to select our favorite real estate investment idea from the pool of new offerings across the many crowdfunding platforms we track. Our Top Pick for June 14, 2023