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MULTIFAMILY INVESTMENT OPPORTUNITY

Dreamstone Investments team is pleased to present

Excelsior Multifamily Fund I

★ For Accredited Investors ★

The Strategy

The Excelsior Multifamily Fund I was formed to take advantage of the shifts in US Population demographics, declining national homeownership, and prolonged rental housing shortfalls. The Core Objective of the Excelsior Multifamily Fund I is to systematically develop and acquire quality rental housing within the burgeoning Sunbelt Region, capturing a renter pool driven by business-friendly governmental policies – attracting scores of major companies, employees, and job-seekers from coast to coast.

$30-50 Million

Target Size

20% Gross IRR

Target Fund Return

65-78%

Fund Leverage Target

Current Properties in Excelsior Multifamily Fund I

Cascade Cottages,

323 Units

Mocking Bird Cottages,

700 Units

Timberhill Commons,

340 Units

Renew at TPC,

408 Units

Kimberly Road Apartments,

226 Units

Mableton Square Town Homes,

98

The Reid,

242 Units

Various Other sites

Our goal is to provide rental housing to those who do not have access or the ability to purchase a home. This demographic has been widening in the 55+ age group as well as first-time homebuyers who are electing to rent instead of buying.

An estimated shortfall of 7.7 Million homes exist within the Sunbelt Region and continued population growth further compounds this problem. Through a two-pronged approach, The Excelsior Multifamily Fund positions itself within the Sunbelt region to provide consistent yields over both near and long term positions while capitalizing on the housing shortage.
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Reserve Your Spot To Invest In The Excelsior Multifamily Fund I


    An accredited investor meets one of the following three requirements: 1) Has an annual income of at least $200,000, or $300,000 if combined with a spouse’s income; 2) Holds a valid Series 7, 65, or 82 licenses; 3) Has a net worth of >$1 million or more, excluding the value of a primary residence.



    ** Your information is safe with us.

    Cascade Cottages, 323 Units

    $3.6M

    Construction Cost

    $55.8M

    Hard Costs

    $3.8M

    Soft Costs

    $56.5M

    Senior Debt

    $18.8M

    Equity

    $8.04M

    Acquisition Costs

    $4.16M

    Financing Costs

    TAKE A TOUR

    CASE STUDIES

    COTTAGES AT RIDGE POINTE ATHENS

    A failed second subdivision acquired through a creative note acquisition. The low cost basis ensured that the development team had a significant buffer to the continuing changing cost environment. The property leased up with high velocity due to it quality and great location within this submarket.

    216

    Number of Units

    $30.7M

    Project Cost

    30%+

    Projected Project IRR

    Athens, GA

    Location

    $51M

    Sale

    24%+

    Projected Investor IRR

    Before :
    After :

    HARTSVILLE PIKE

    Dreamstone acquired these 19 townhomes directly from the builder off-market. The attractive cost basis and the hardy finishes make for the perfect rental units, especially during the pandemic period as people choose to move out of the pricier Nashville city limits. We are currently 100% leased and targeting a perm-refinance soon.

    19

    Number of Units

    $3,800,000

    Purchase

    28%+

    Projected Project IRR

    Lebanon, TN

    Location

    20%+

    Projected Investor IRR

    CROSS CREEK APARTMENTS

    Cross Creek was acquired off-market. Dreamstone is in the process of upgrading the units. It was determined that a base level upgrade was needed such as Formica counters and black appliances. To date, we have been able to push renovated rents from $525 to $800 pm or 52% in our first several months of ownership for one-bedroom units. Our projected IRRs are conservative and we aim to exceed those targets.

    101

    Number of Units

    $5,900,000

    Purchase

    23%+

    Projected Project IRR

    Carrollton, GA

    Location

    $9,595,000

    Sale

    20%+

    Projected Investor IRR

    Before :
    After :

    THE PEACH ATLANTA

    68 - Mixed Use

    Number of Units

    $30,888,000

    Purchase

    22%+

    Projected Project IRR

    Atlanta, GA

    Location

    *$ 44,200,000

    Sale

    20%+

    Projected Investor IRR

    SCHEDULE A FREE STRATEGY CALL

    Meet Our Team

    Vehano Joseph, CA (SA)

    CEO & Co-Founder

    Nicholas Contessa

    COO & Co-Founder

    Meet The Dreamstone Team

    John Doe

    John Doe

    John Doe

    John Doe

    John Doe

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