5,000,000 shares of preferred shares – maximum offering
200,000 shares of preferred shares – minimum offering
Minimum Investment: 10,000 shares ($50,000.00)
We are a Florida corporation organized on June 11, 2015. We intend to acquire a diversified portfolio of residential income producing properties in the Eastern Central Florida region of the United States. We will focus primarily on single family homes, multi-family properties up to 40 units, condominiums and townhomes. We also may invest in small commercial properties under $1 million. We are offering 5,000,000 shares of our cumulative convertible Class A Preferred Shares at $5.00 per share on a “best efforts” basis through registered broker-dealers and/or officers & directors of the company. “Best efforts” means that any broker-dealer who sponsors this product is not obligated to purchase any specific number or dollar amount of shares.
We are offering up to 5,000,000 shares of our 5.00% cumulative convertible preferred shares at $5.00 per share. Dividends are paid annually and maybe paid in cash or non-voting class B common stock at the discretion of the Company. Each preferred share is convertible into 5 shares of non-voting class B common stock.
The life of the fund will be separated into three phases:
The acquisition phase will start immediately and throughout the capital raising process we will seek investment opportunities that meet our strict acquisition criteria. Most targeted assets will be distressed, mismanaged or motivated liquidations where we can capitalize on immediate appreciation as well as significant cash flow. The time frame for this initial phase will depend on the pace at which the capital raising occurs.
The growth phase will follow during which time, after deducting management fees and maintaining capital reserves, all free positive cash flow will be reinvested into the acquisition of additional income properties. These properties will consequently go through the renovation and rental process and significantly increase the value of the assets under management and the resulting cash flow. This phase is anticipated to continue for 5 – 7 years or until such time that our acquisition criteria can no longer be met.
The final phase is the income phase where further acquisitions no longer occur and all free cash flow is distributed to preferred stockholders. The income phase will conclude with the strategic liquidation of the portfolio and all net proceeds will be returned to the investors. The total life of the fund is expected to be 12 -15 years depending on market conditions.
We will have the capability to accept both qualified and non-qualified investments.
All investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. The offering disclosure document contains this and other information about the fund. All investors are urged to read the offering disclosure document carefully before investing. This page is not an offer to sell or a solicitation of an offer to buy the fund’s securities. An investment in the fund is appropriate only for investors that are “accredited investors” as defined by the Securities Act of 1933 and who can tolerate a high degree of risk and who do not require a liquid investment.