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Modern Architecture

Investment Snapshot

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Portsmouth Multifamily

Highlights

Investment and advisor for ground up qualified opportunity zone investment in a multi-asset project in Portsmouth, VA. Project is investing proceeds across multiple projects, including 45-single family homes, 51 Townhomes (Kings Landing Project) and a 280 Apartment Unit community in Portsmouth, VA (The Landing at Greenwood). Project is led by A4 Development Group, LLC and is structured as preferred equity.

Location
Portsmouth, VA
Sector
Single Family / Townhomes
Invested Equity
$ 200K
Annual Cash Yields
10%+
IRR
18.5%+
Funds Invested
CVCOF-II
Status
Operational
Investment Date
Jan. 2024
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