S Alston Ave
Durham, NC 27713
Due Diligence Pending
Equity Seeking$ 25,000,000
Equity StructurePreferred Equity
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 TypeGround-Up Development
Hold Period18–24 Months
Investment Annual IncomeTBD
Investment Monthly IncomeTBD
Lot Size Ac / Sq Ft11.24 / 489,768
Zoning / UseCommercial
Entitlement StatusIn Process
Permit StatusSubmitted / In Plan Check
Estimated Resale Price$ 100,000,000
Projected Building Size (Sq Ft)360,000
Projected # Units200
Projected # of Stories2
Projected Parking Spaces200
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Property Location
RRick P.
Developer / Builder