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US Residential Fund Patriot’s Pointe Syndication Live on Crowdfunding Platform

  • Published August 09, 2016 2:59PM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

9th August 2016, ASX Announcement

US Residential Fund (ASX: USR “the Fund”) is pleased to announce that its first multifamily residential property syndication is now open to accredited investors through the online syndication platform CrowdStreet.

The property being syndicated, Patriot’s Pointe, is an A grade, 240-unit residential apartment complex set on 25 acres in North Carolina and purchased with attractive 30+ year fixed debt at 3.7% p.a. in place. Through the sydnication, USR is seeking to deliver investors:

Initial yield – 7.2%
Average 5-year yield – 8.1%
Total 5-year  IRR – 15-17%

The CrowdStreet platform’s main focus is investors that are US citizens. However, the Patriot’s Point syndication includes a structure that provides non-US investors the option of participating without having to file a tax return in the US.

To view the full announcement, please click on the button below.

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