The Fund gives investors the opportunity to participate in a limited partnership run in an institutional manner and with institutional-level returns, without the higher minimum investment thresholds usually associated with such a structure.
Sarasota, FL (PRWEB) July 22, 2015
Golden Pacific Capital is offering $10M equity participation in a professionally-managed, leveraged investment fund (the “Fund”) focused on the acquisition and rental of Kansas City (“KC”) single family residence (“SFR”) real estate. This proven investment strategy capitalizes on significant rental demand in the market, up to 25% discounted prices to market through foreclosure activity, lack of ability of many occupants to obtain mortgage financing, and low cost of debt leverage. The Fund is based on its Principals’ extensive experience, including successful acquisition and management of 2,000+ SFRs over the past five years in a range of US markets, including KC. The Fund will acquire a portfolio of distressed SFRs over an 18-36 month period which will be professionally renovated and managed to maximize operating income while preserving capital. The Fund has multiple exit opportunities including sale of individual homes to owner occupiers or the sale of a portfolio to a larger institutional investor(s). The Fund targets a net IRR to investors of 16-20% over a 6-8 year hold period.
The Fund gives investors the opportunity to participate in a limited partnership run in an institutional manner and with institutional-level returns, without the higher minimum investment thresholds usually associated with such a structure. A portion of the Fund’s investment will go towards the renovation of the homes it acquires, and as such, there is a real community redevelopment aspect to its strategy. The Fund has received nearly $3M in commitments and operations commenced in early June 2015.
“KC only recently started to experience home price increases, and has lagged other hot markets such as Southern California, Las Vegas, Phoenix and Miami that attracted hedge fund and private equity investment. Because KC was late to experience price appreciation from its post-recession lows, there is still considerable upside in appreciation as KC returns to an equilibrium value from depressed levels" Ian Fisher, Principal and Co-Founder of Golden Pacific Capital says.
The offering can be evaluated here.
About Golden Pacific Capital
Golden Pacific Capital, LLC is a real estate-focused asset management firm whose principals have extensive SFR investment experience, including successful acquisition and management of 2,000+ SFRs over the past five years in a range of US markets, including KC.
Crowdflipr, LLC is a real estate crowdfunding platform that provides accredited and institutional investors with access to asset-backed debt and equity securities. Crowdflipr has partnered with WealthForge, LLC, a broker-dealer registered with the SEC, Financial Industry Regulatory Authority, Inc., and other necessary state or other regulators to provide execution and other services relating to this offering. Learn more at: https://crowdflipr.com.