Description
Invest with us in this Ground-up development in Missoula, Montana – Investment Opportunity by Cornerstone Commercial Investments
Presenting our newest 68-unit project in the heart of Missoula, Montana. Located right across the street from a Super Walmart and Target, this is a prime Multifamily location
Investment Summary – Targeted Returns
- Cap Rate – 7.35%
- Cash on Cash Return – 7-9%
- IRR – 24-27%
- Equity Multiple – 2.40%
- Capital Raise – $6,850,000
*IRR, Equity Multiple, & Cash on Cash returns are after waterfall splits and management fees.
Development Summary:
- 68 Apartment Units
- Heart of Missoula, Montana
- Across the street from Walmart and Target
- Carefully thought out floor plans and design
Market Update:
- The Affordability Gap (Rent-vs-Own gap) is over $1,164.07 per month.
- 2 bed 2 bath units year-over-year rent increased by over 8% in 2020 and 16% from 2020 – 2021.
- Record low vacancy rates at 0.38% are causing pent-up demand.
- Landlord-friendly state.
- Provides an excellent hedge on rising inflation.
Steps to invest (please use a desktop or tablet):
- Click “Invest Now” at the bottom of the email.
- Login to your investment portal.
- Review offering and click “Invest Now” in the top right corner.
- Review attachments, sign subscription documents, and deposit funds!
Click “Invest Now” to view offering details and invest!
*This presentation and the information in it are proprietary and confidential and are subject to a non-disclosure agreement. This presentation and the information in it is provided in confidence, for the sole purpose of exploring business opportunities between the disclosing party and the receiving party concerning the Mullan Crossing Apartment Homes, LP, and may not be disclosed to any third party or used for any other purpose without the express written permission of the disclosing party.
*The Company may present investors and potential investors with documents containing forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are not historical facts, but rather are based on our current expectations, estimates, and projections about us, and our industry. You can identify these forward-looking statements when you see us using words such as “expect,” “anticipate,” “estimate,” “plan,” “believe,” “seek,” and other similar expressions that are intended to identify forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these statements are not guarantees of future performance and are subject to certain risks, uncertainties, and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted. All statements other than statements of historical facts included in the Company’s documents including, without limitation, any projections and assumptions, are forward-looking statements. These risks and uncertainties include those described in “Risk Factors.” You should not place undue reliance on these forward-looking statements, which reflect our management’s view as of certain dates. We undertake no obligation to update these statements or to report the result of any revision to the forward-looking statements that we may make to reflect events or circumstances after the date of this offering or to reflect the occurrence of unanticipated events. All subsequent written and oral forward-looking statements attributable to us, or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. This is not an offer to sell securities nor solicitation of an offer to buy securities. All sales of securities will be in accordance with applicable state and federal laws.
