Ground Up Construction of a Mixed-Use Development in Utah
Investment opportunity for the Ground Up, Fully Entitled, Permits Ready to Issue Mixed-Use Development within a Federal Opportunity Zone in Utah. Acquired in 2022 in an all cash transaction, all Pre development costs have been self-funded by the Co-Sponsors.
- Projected Levered MOIC 3.7x
- Projected Levered IRR (10 year hold) of 21.3%
- Equity Required circa $25.7M
- Sponsor develops and manages complex commercial, residential and special-use real estate developments
- Co-Sponsor is a 50+ year old family-owned real estate investment group
- Co-Sponsor has developed projects with combined costs of nearly $1B