AVONDALE COMMONS APARTMENTS

Overland Group is excited to announce its latest investment opportunity, Avondale Commons Apartments located in Avondale, AZ. As a vertically integrated real estate development, capital, construction, and property management company we maximize profits, transparency, alignment, and focus resulting in more project durability and less investor risk.

PROJECTED RETURNS

16.2%

Investor IRR%

2.3x

Equity Multiple

8.0%

Preferred Return

5.7

Hold Period

$75K

Min. Investment

VIEW THE INVESTOR PRESENTATION

This four-story, class-A facility is located in one of the strongest locations we’ve ever seen for multifamily. Avondale Commons Apartments is placed on a major intersection and one block north of an I-10 freeway on/off ramp. McDowell Road has an estimated traffic count of 20,421 cars per day. In addition to the amazing location, this project is also located right in the path of growth in the area. There is extremely strong demand for apartments in the area with excess demand of over 1,600 rental units.
The Company is raising an estimated $17,000,000 in equity capital with a maximum raise of $19,000,000 to develop and construct a new 320-unit multifamily project. The Company is offering investors Class A-1 and Class A-2 which collectively will represent 70% ownership in the project. The minimum investment for either class is $75,000.
Class A-1 units is limited to $5,000,000. These units are offered to those who fund their investment by May 10, 2021. Class A-1 units receive an automatic 10% discount on their investment ($100,000 investment turns into $110,000 worth of ownership). Class A-1 units also receive an 8% preferred return starting at the completion of construction.
Class A-2 units is currently limited to $12,000,000. These units are offered to those who fund their investment by December 10, 2021. Class A-2 units receive an 8% preferred return starting at the completion of construction.
The sponsors are planning on investing $450,000 or roughly 2.5% of all equity to be raised.
This investment is for accredited investors only, but is open to self-directed IRA’s and 401(k)’s.
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WANT TO LEARN MORE ABOUT THIS PROJECT?

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“The area is in the growth stage of its life cycle. Residents are attracted to the area for a variety of reasons, particularly the area’s affordability compared to the more centralized locations within the Phoenix Metro. Given the history of the area and the growth trends, it is anticipated that property values will continue to increase in the near future.” 

Newmark Knight Frank

SEE WHY THIS PROJECT IS RIGHT FOR YOU

PROJECT OVERVIEW

  • 12.5 Acres
  • 4 80-Unit Buildings
  • 4 Stories High
  • Land Price: $4.5M
  • 14,063/Unit
  • Suburban High Growth
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  • This material does not constitute an offer or a solicitation to purchase securities. An offer can only be made by the Private Placement Memorandum (PPM). The PPM and its exhibits contain complete information about the Property and the investment opportunity.

  • This presentation is an informational summary of the prospective investment opportunity only. 

  • All numbers shown are estimates and subject to change as we negotiate with contractors to reduce costs, the architect to add units, and make improvements where possible.

  • The information contained herein is not a substitute for an investor’s complete review of all of the information attached to the PPM as part of their own due diligence regarding this investment opportunity and its suitability for their investment portfolio.

IF YOU HAVE QUESTIONS, WE’RE HERE TO HELP!

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