Thank you to our Sponsors: Dream America, ApexOne Investment Partners, GSH Real Estate, Preqin, Boomerang Capital and Ei Ventures for helping us make this event possible. Without your support and guidance, we would not have been able to produce such a high quality and great event again. Thank you to all our FLAIA Members and the FLAIA Board for their support. It is amazing how our community has come together to provide leadership since the outbreak of Covid-19. I am proud to be a part of this great group of great men & women! Real Estate, Direct Lending and Private Debt are 3 legs of the alternative investment industry and over the past 10 years each of these legs have grown to have a much more profound impact on Main Street. The greatest strength of the US economy is found in these 3 legs. Since Covid - 19 hit, these 3 legs have shown the greatest resilience after being the hardest hit part of the overall alternative investment industry. Today, because of the lack of real time liquidity and real time price discovery this Forum is the most important conversation for global investors to join. Most investors have exposure to real estate through equity and credit vehicles, we bring thought leaders to share information so that the answers become clearer. We are determined to bring clarity, truth, facts and experience from the front line by the most talented investment managers.
The GSH Group is thrilled to announce that we have a new property under contract, The Grove, a brand-new, Class-A luxury multifamily community in Grand Rapids, Michigan, which is considered the best market in Michigan and the Learn !
We are planning for a long-term hold of this iconic asset and projecting to return the majority of equity in the first 10 years of ownership and the rest of the equity in the subsequent few years. Over the first 10 years, we are projecting a 9.4% cash on cash return and an 18.4% cash on cash return over the span of 20 years. GSH is raising approximately $29 million of equity for this project.
We are extremely excited to purchase The Grove, a newly constructed, premier Class-A luxury multifamily community in Michigan’s fastest-growing metro area, Grand Rapids. The Grove benefits from top-quality construction with best-in-class amenities and the potential for top of the market rents. We are pursuing this opportunity under the belief that The Grove has unparalleled quality and will remain the most desirable apartment community in Grand Rapids for years to come.
Our thesis is simple: We have the opportunity to acquire one of Grand Rapid’s newest multifamily communities, The Grove, a 2022 vintage, 320-unit apartment community on the north side of the Grand Rapids metro area. After a strategic negotiation, GSH was able to secure the property at a 20% discount to what the seller went to market for.
Speakers: Gideon Pfeffer, Mark Benyas , and Amy Young
Since the opportunity zone program was established in the 2017 Tax Cuts and Jobs Act, taxpayers have had the ability to take advantage of a significant new tax incentive that concurrently benefits low-income communities. The program provides investors with the chance to reinvest capital gains into designated opportunity zones in order to defer or eliminate taxes.
Speakers: Greg Talcott