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The CRE Equity Alert
Real-Time Intelligence on Commercial Real Estate Capital Raises
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In Today’s Edition
Today’s alert features 29 offerings totaling approximately $260 million, including offerings from Megatel Capital Investments, Cove Capital Investments, and TEDA Inc. Sponsors are located in Dallas, TX, Torrance, CA, and Tuolumne, CA.
Offering Amounts range from $250,000 to $57 million, with Minimum Investments up to $100,000. Today’s offerings include 1 fund and 28 single-asset offerings.
GPs in Focus
Megatel Capital Investment (MCI) serves as the capital markets division of the Megatel Group, one of the largest homebuilders based in Dallas, Texas. MCI specializes in real estate, home building, fixed income, Regulation D offerings, and land development. In addition, the firm provides growth capital to support residential community development in rapidly expanding population centers, with a primary focus on Texas. MCI employs approximately +/- 8 people.
Offering Name: MCI Exchange Enclave of Bahamas/Bahamas B Series, DST
Offering Amount: $57,710,000
Investment Minimum: $57,710
Type of Offering: 506(c)
Cove Capital Investments, LLC is a real estate firm headquartered in Torrance, California. The firm specializes in providing accredited investors access to debt-free, 1031 exchange-eligible DST properties.
Cove Capital has sponsored over $931M+ in offerings across 114 properties totaling about 3,253,662 square feet, and it counts 2,200+ investors with $135M+ returned to investors. It’s reported average annualized return on full-cycle, debt-free DST offerings is 11.01%. The firm employs approximately +/- 8 people.
Offering Name: Texas Build-To-Rent 97 DST
Offering Amount: $27,223,181
Investment Minimum: $1,000
Type of Offering: 506(c)
TEDA Inc. stands for the Tuolumne Economic Development Authority, Inc. The firm was founded in 2000 and is headquartered in Tuolumne, California. TEDA focuses mainly on capital markets with financing, developing, constructing, operating, and maintaining projects that further the Tribe’s economic self-sufficiency and growth. The firm employs approximately +/- 8 people.
Offering Name: Westside Subdivision LP
Offering Amount: $18,060,694
Investment Minimum: $0
Type of Offering: 506(b)
CRE Capital Raises: August 9
GP/Sponsor | Location | Offering Name | Minimum Investment | $ Offering Amount |
|---|---|---|---|---|
PHOENIX, AZ | Rise Midtown Partners, LLC | $0 | $6,625,200 | |
PHOENIX, AZ | Rise Melrose, LLC | $0 | $11,430,000 | |
CHICAGO, IL | Baton Rouge Apts, LLC | $1 | $6,000,000 | |
LONG ISLAND CITY, NY | PENSACOLA PRIME LODGING, LLC | $33,680 | $6,858,494 | |
TORRANCE, CA | Texas Build-To-Rent 97 DST | $1,000 | $27,223,181 | |
GREENFIELD CENTER, NY | Green Springs Capital Group, LLC | $50,000 | $5,000,000 | |
INDIANAPOLIS, IN | Onyx & East LLC | $100,000 | $800,000 | |
NEW YORK, NY | Compass, Inc. | $10,000 | $738,998 | |
PHOENIX, AZ | Rise Broadway Partners, LLC | $0 | $6,900,000 | |
TUOLUMNE, CA | Westside Subdivision LP | $0 | $18,060,694 | |
PHOENIX, AZ | Rise Peoria, LLC | $0 | $6,900,000 | |
DALLAS, TX | MCI Exchange Enclave of Bahamas/Bahamas B Series, DST | $57,710 | $57,710,000 | |
PHOENIX, AZ | Rise Phoenix Portfolio Partners, LLC | $0 | $5,619,879 | |
PHOENIX, AZ | Rise West 59 Partners, LLC | $0 | $1,611,770 | |
DENVER, CO | KC Plaza Investment Group LLC | $25,000 | $6,200,000 | |
PHOENIX, AZ | Rise Thomas, LLC | $0 | $11,413,000 | |
PHOENIX, AZ | Rise Robson, LLC | $0 | $11,374,000 | |
CEDAR PARK, TX | NXTGEN Storage Cleburne, LLC | $100,000 | $3,000,000 | |
BOCA RATON, FL | ALTIMETER CAP FUND II LLC | $50,000 | $1,300,000 | |
PHOENIX, AZ | Rise Country Club Partners, LLC | $0 | $4,725,000 | |
SCOTTSDALE, AZ | Rise Encore Partners, LLC | $0 | $11,413,000 | |
SCOTTSDALE, AZ | Rise Encore Partners, LLC | $0 | $11,413,000 | |
PHOENIX, AZ | Rise IS Partners, LLC | $0 | $11,374,000 | |
SCOTTSDALE, AZ | Rise Lakeside Partners, LLC | $0 | $6,850,000 | |
PHOENIX, AZ | Rise Lofts Partners, LLC | $0 | $3,800,000 | |
WAUWATOSA, WI | IC HOLDINGS 4 LLC | $0 | $3,500,000 | |
SCOTTSDALE, AZ | Rise PV, LLC | $0 | $11,72,000 | |
DUBLIN, OH | Epcon Big Walnut, LLC | $0 | $250,000 |
Final Word
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- The Mill Analytics Team