MULTIFAMILY
INVESTMENT OPPORTUNITY
- Aurora Meadows Townhomes
- Charlotte, NC
A
Class
EXECUTIVE SUMMARY
Aurora Meadows Townhomes (previously known as Hollabird Townhomes)
A fresh take on townhome living. The community offers 29 luxury units across 8 buildings. Each townhome is 3 floors with 3 bedrooms, 3.5 bathrooms, a bonus room/home office and a 2-car tandem garage.
Welcome to the Exclusive Ultra Modern Rooftop Terrace Townhomes Community just a few minutes from bustling Uptown Charlotte! This community is a private enclave of 29 luxury townhomes, blending Charlotte’s characteristic charm with modern elegance. This luxury townhome community is located few minutes from the vibrant and highly desirable South End Area. Each unit is built across 3-floors, 2,161 SF featuring 3 spacious bedrooms, 3.5 bathrooms, 1 Bonus Room / Home Office, 2 Car Garages and Rooftop Terrace! These beautiful townhomes offer top-of-the-line finishes, thoughtfully designed modern floor plans, and meticulously crafted details.
- Walmart – $450M in Spartanburg County
- Oshkosh Defense – $155M in Spartanburg County
- Pall Corporation - $115M in Spartanburg County
- Nestlé USA – $100M in Cherokee County
- BMW Manufacturing Corp – $1.7B in Spartanburg County
- TTI Floor Care North America – $93M in Spartanburg County
- DHL Supply Chain – $92.7M in Cherokee County
AURORA MEADOWS TOWNHOMESInvestment Highlights
- Less than 5 miles from Uptown Charlotte
- Strategic location on a cul-de-sac, in front of Southview Recreation Center, and close to the soon opening Three Sisters Market
- Located in the path of progress on West Blvd with several upcoming developments surrounding the community
- Construction timeline of 16 months with annualized returns of 18%-22%
AURORA MEADOWS TOWNHOMES AERIAL OVERVIEW
AURORA MEADOWS TOWNHOMES are situated only a 6 minute drive from Uptown Charlotte.
AURORA MEADOWS TOWNHOMES is only a 7 minute drive to Charlotte Douglas International Airport, where 700+ flights depart a day with nonstop service to 175 destinations, including 33 international locations.
- Charlotte Douglas International Airport- 4.5 Miles
- Uptown Charlotte- 4.6 Miles
- Billy Graham Library- 2.2 Miles
- South Charlotte VA Hospital- 1.3 Miles
- Atrium Health Carolinas Medical Center- 6.1 Miles
PROPERTY FEATURES
- New Construction
- Modern Fixtures
- 2-Car Tandem Garage
- Quartz Countertops
- Stainless Steel Appliances
- Roof Top Terrace
- Luxury Design
- 6 Minutes from Uptown
- Excellent Access to Shops, Restaurants & Offices
- Tree Coverage for Privacy
Property Summary
County Mecklenburg County
Number of Units 29
Average Unit Size 2,161 sq ft
Projected Annualized Returns 18-24%
Year Built 2023
Buildings 8
Asset Class Class B
Net Profit $3,100,000
WE ARE MULTIFAMILY INVESTMENT PROFESSIONALS
EXPERIENCED SPONSORSHIP TEAM
Our team has a combined 20+ years of experience and has closed deals worth $800+ million. We have the subject matter expertise, key relationships, and proven track record to execute huge profitable deals.
LEADERSHIP WITH PROVEN TRACK RECORD
We encourage our employees to take risks and seek out new opportunities in order to achieve maximum success. We also seek to foster an atmosphere of respect and empowerment for all our employees.
CONSERVATIVE
We are a team of opportunistic investors who use our deals to create long-term wealth. We leverage our investments and create sustainable cash flow, limiting our risk.
DILIGENT
Closing a deal is challenging, but executing the business plan is even more difficult. Those who have persevered to achieve their goals have done so through perseverance and persistence.
AURORA MEADOWS TOWNHOMESMarket OVERVIEW
COST OF LIVING
A low cost of living is one of Charlotte's primary advantages over other similarly-sized areas and contributes to its appeal as an inviting destination for living and working.
EDUCATION
Charlotte is home to excellent education systems that bring significance to the area.
RECREATION
Located at the heart of the Charlotte-Atlanta corridor and in the foothills of the Blue Ridge Mountains, Charlotte provides a wealth of outdoor recreational activities, including biking, hiking, boating, fishing, sightseeing, and so much more.
ECONOMY
Charlotte's pro-business climate provides a dynamic mix of incentives, workforce development programs, and a network of resources designed to give businesses a competitive advantage in the global marketplace.
Cheslyn place WEBINAR
We’ll explain everything you need to know to invest in this exciting opportunity.
- 18th November 2022
- 7 PM CST
- ZOOM
WHY AURORA MEADOWS TOWNHOMES
$2.8M
60/40
18-24%
Capital Raised
Investment Split
Projected Annualized
1.5 Years
1.30x-
1.36x
Projected Hold Period
Equity Multiple
HOW DO WE SELECT DEALS
UNDERWRITE OVER 100 TO FIND 1
We see one great deal every 100 deals that come across our desk. We have strict underwriting guidelines, so we can act swiftly when the right opportunity comes along.
CAP RATE HIGH ENOUGH FOR STABILIZED ASSET
We generally focus on more high-value deals, but we will sometimes come across stabilized deals that have lower risk.
VALUE-ADD UPSIDE POTENTIAL
Can we increase the NOI, which will increase the value of the property? For example, current rents are below market rents due to unit quality. Can we rehab the units and increase rents?
VERIFYING ACTUALS, NOT PROFORMAS
Brokers often provide buyers with financial projections (proformas) as if they were today’s numbers. We verify the information and base our analysis and offer on ACTUAL figures.
STRONG LOCAL RENT GROWTH
We analyze the deals submarket to understand the trends for rental prices.
DO THE NUMBERS WORK
After considering all of the aforementioned factors, we come up with a Maximum Allowable Offer (MAO), which is the maximum amount we can pay to acquire the deal.
MEET THE
EXPONENTIAL EQUITY TEAM
Hemal Badiani
CEO
Yomesh Deliwala
COO
Brandon Maxwell
Head of Development & Co-Founder
