The Millennium Grand Prairie

The Millennium Grand Prairie

Asset Profile

Type
3 Story Garden Style Development
Size
22.5 acres, 318 Units
Unit Mix
44% 1BR, 50% 2BR, 5% 3BR
Garage Parking
527 spaces, 1.66 spaces perunit

Projected Financial Highlights

Total Equity Raise
$16,100,000
Est. NOI at Stabilization
$3.59M
Stabilized Occupancy
95.0%
investor IRR
16.4%
Equity Multiple
2.34
Preferred Distribution
8%

Luxe at
Grand Prairie

Luxe Crowdfunding is pleased to introduce at Grand Prairie. We are raising $16.1 million dollars to construct a 318 class a residential apartment community.The development cost for the $36M. Preferred investors will own 70% of the property in exchange for a $16.1 M equity Investment.

Investment Highlights

  • Thriving Multifamily Rental Market
  • Excellent Location – 25 minutes west of downtown Dallas near employment centers, shopping and recreation
  • 10 minutes South of Dallas/Ft. Worth International Airport
  • Grand Prairie Parks & Recreation Department was named “Best in the Nation” in 2017.
  • Influx of Thousands of jobs from Toyota and Liberty Mutual.

THE
DEVELOPER

Luxe Residential is a vertically integrated private real estate development company with more than 4,500 units developed since 2004, Luxe Residential has been focusing on the concept, development, construction and management of income property in the strongest markets across the United States.

Private securities are risky investments not suitable for all investors. They may involve a long hold period, are liquid and may lose principal. Important Risk Factors to Consider -Commercial real estate (CRE) debt and securities investments are subject to the risks typically associated with CRE which include, but are not limited to: market risks such as local property supply and demand conditions; tenants’ inability to pay rent; tenant turnover; inflation and other increases in operating costs; adverse changes in laws and regulations; relative illiquidity of real estate investments; changing market demographics; acts of nature such as earthquakes, floods or other uninsured losses; interest rate fluctuations; and availability of financing. The information presented herein for information al purposes only and is not an offer to sell or a solicitation of any offer to buy any securities.

David Coldea l Office: (954) 455-0336 l Mobile: (847) 899-1485 l dcoldea@luxeresidential.us