Golden Pacific Capital is offering $10M equity participation in a professionally-managed, leveraged investment fund through real estate crowdfunding platform, Crowdflipr. This project is focused on the acquisition and rental of Kansas City (“KC”) single family residence (“SFR”) real estate.
The KC Distressed SFR Fund is based on its principals’ extensive experience, which includes successful acquisition and management of 2,000+ SFRs over the past five years in a range of US markets, including KC. This fund will acquire a portfolio of distressed SFRs over an 18-36 month period which will be professionally renovated and managed to maximize operating income while preserving capital.
The campaign gives investors the opportunity to participate in a limited partnership run in an institutional manner and with institutional-level returns, without the higher minimum investment thresholds usually associated with such a structure. A portion of the investment will go towards the renovation of the homes it acquires, and as such, there is a real community redevelopment aspect to its strategy.
Ian Fisher, Principal and Co-Founder of Golden Pacific Capital, noted:
“KC only recently started to experience home price increases, and has lagged other hot markets such as Southern California, Las Vegas, Phoenix and Miami that attracted hedge fund and private equity investment. Because KC was late to experience price appreciation from its post-recession lows, there is still considerable upside in appreciation as KC returns to an equilibrium value from depressed levels.”
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