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This content is shown here for illustrative purposes and is by no means a solicitation of funds. This deal is not available to the general public.
Rise Fossil Creek (Dallas-Fort Worth, TX) We are excited to announce that Rise48 is under contract to acquire Mosaic Apartments in the Dallas-Fort Worth area. The property will be rebranded to “Rise Fossil Creek.” Rise Fossil Creek is 288 units built in 1986. The property is a B+ asset located in an A+ location. The asset has a significant upside with the opportunity to renovate 80% of classic interiors (230 units). Rise sourced this deal completely off-market through a broker relationship.
The Market
Property and Business Plan The asset is right across the street from Lockheed Martin, one of the largest employers in Fort Worth with over 18,000+ employees. The asset is only 12 miles away from both Texas Christian University (2,200+ employees) and 6 miles from Fort Worth Meacham International Airport (900+ employees). (source information provided by Rise Fossil Creek) The property offers a significant value-add opportunity, as 80% of the units have classic interior finishes, which Rise will renovate to its platinum interior program with new vinyl plank flooring, quartz countertops, stainless steel appliances, brand new cabinets, and other interior features. In addition, Rise will add washers and dryers to 100% of the interiors to achieve an additional $50+ rent increase per unit.The property will be completely rebranded as “Rise Fossil Creek” with new exterior paint, a new monument sign, and improved marketing banners. Deal Structure*
Minimum Investment: Class A and B units ($50,000); Class C units ($500,000) Timeline Click Request more Information and we’ll provide you an investment summary deck and recorded conference call, and drone footage. If you are ready to move forward, click Reserve a Spot so you can secure space while the investment remains open. (This does not obligate you but ensures space in the deal for you should you want to move forward. You will have plenty of time to review the information and ask questions to determine the right fit for you.) We look forward to hearing from you! Brad, Kelli, and the Sugarhouse team *Disclaimers: Preferred returns are part of the deal structure and indicate the sequence of how distributions (from operations or a capital event) are disbursed. They are not guaranteed and should not be considered a financial projection. Actual cash flow projections and distributions from the sponsor may differ from the preferred return. Past performance is no guarantee of future results. The reader agrees to the provisions set forth on those certain “Disclaimers” located at www.finalis.com/disclaimers and the terms thereof are incorporated by reference as though fully set forth herein, and references therein to (i) “Company” means the entity in connection with this transaction (together with its affiliates, subsidiaries, successors and assigns), (ii) “Banker” means the registered representative of Finalis Securities LLC in connection with this transaction and (iii) “Bank” means Thompson Investing. Securities are offered through Finalis Securities, LLC member FINRA/SIPC. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction. Securities offered through Finalis Securities LLC. Member FINRA/SIPC. Sugarhouses Investments and Finalis Securities LLC are separate, unaffiliated entities. |
