S Alston Ave
Durham, NC 27713
Updated:
Due Diligence Pending
Equity StructurePreferred Equity
Equity Seeking$ 25,000,000
2Johns Student Living – Modern Student Housing Community in North Carolina
Total Raise$ 27,000,000
Equity Seeking$ 25,000,000
Sponsor Co-Investment$ 2,000,000
Debt Financing$ 3,000,000
Preferred ReturnAbove 10%
Profit Split (Investor/Sponsor)70 / 30
Project TypeStartup / New Venture
Hold Period18–24 Months
# of Units200
Building Size (Sq Ft)300,000
# of Stories2
Parking Spaces400
Lot Size Ac / Sq Ft11.24 / 489,768
ZoningCommercial
Entitlement StatusIn Process
Permit StatusSubmitted / In Plan Check
Projected # Units200
Projected Building Size (Sq Ft)360,000
Projected # of Stories2
Projected Parking Spaces200
Estimated Resale Price$ 100,000,000
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Property Location
RRick P.
Developer / Builder
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