Co-Developer / JV Equity Opportunity Condominium Development in Sacramento, CA

July 19, 2018

As exclusive advisor, we are seeking $35 Million of Joint Venture Equity to develop a 116 unit condominium located in the vibrant midtown neighborhood of Sacramento, California. The total development cost is approximately $100 million.

 

 

 

Key Highlights

• Seeking approximately $35 Million of Joint Venture Equity (with an option to be a Co-Developer).
• The Sponsor owns the land and spent over 3 years getting the site entitled (now 100% as of right).
• The deal is expected to generate a 59% IRR, near a 3X Equity Multiple and $68 million of Net Profit.
• The Construction Drawings are 75% Complete, enabling the project to be shovel ready within a few months.
• A direct comp is 100% sold out, and is not fully complete yet.
• Sacramento is the fastest growing city in California and is experiencing some of the fastest rent growth in the nation.

 

For more information, please contact:

Michael Campbell – CEO                        mjc@carltongroup.com    (212) 716-5611

Steve Fenster – Managing Director   sef@carltongroup.com    (212) 716-5614

 

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Contact

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(212) 545-1000

Co-Developer / JV Equity Opportunity Condominium Development in Sacramento, CA