rise realty i, lp
PAYOUT SCHEDULE
Upon Liquidation
minimum investment
$100,000
FUND TARGET SIZE
$40,000,000
OFFERING DESCRIPTION
We are pleased to present you the opportunity to invest in the Rise Realty I Fund – a unique multi-asset real estate fund comprised of prime commercial and residential redevelopment projects in key markets throughout Southwest Florida.
The first two assets of Rise Realty I Fund are leased with a purchase option and are located in Bradenton, Florida on one of the busiest roads in the county, Manatee Avenue (SR-64). Each asset has been strategically chosen to maximize the overall fund returns and will be a key redevelopment igniter for the east portion of East Downtown Bradenton, acting as a macro-level connective infill project for the Bradenton and Lakewood Ranch, Florida area (the fastest-growing community in the US).
Currently underway is the development of The Riverwalk Exchange which will be a trendy environment that will be a magnetic demarkation point for the east part of the Downtown Bradenton Riverwalk. The main floor will consist of an upscale food court and urban market in a lofty, historic atmosphere. Tenants will consist of a few local popular franchises along with other up-and-coming, quality tenants looking to expand in the Suncoast region. Additionally, the Rise Office Suites, a 10,000 SF office suite complex will be the only true office suites environment serving the Downtown Bradenton, Florida area.
In the last 48-months, just shy of 600 multifamily units have been built within a 0.1 mile radius and maintain 95% occupancy. Another multifamily complex with a target of 165 units is on the table as well.
OFFERING HIGHLIGHTS
- Target IRR - 14-18%
- Target Equity Multiple - 1.8x-2.1x
- Assets Diversified - 6+
- Term - 5-7 Years
DOCUMENTS
This is not an offer; offers will be made only by means of the Regulation D Offering Documents available herein which may be updated or amended from time-to-time with the most recent Offering Documents. The Regulation D offering under Rule 506(c) is for accredited investors only. An accredited investor is considered someone who has a net worth of over $1M excluding the value of their home OR they have more than $200k annually ($300k jointly with spouse) for the past two years.
The acquisition of any property identified in this communication is subject to various contingencies and may not be consummated. Past performance is not an indication of future results. Investing involves risk and may result in partial or total loss. Any historical returns, expected returns, or probability projections may not reflect actual future performance. Prospective investors should consider carefully investment objectives, risks, charges and expenses, and should consult with a tax, legal and/or financial adviser before making any investment decision. For additional information, visit cardonecapital.com/disclosures.