Core Investment Stats

brighton-place-apartments-north-augusta-sc-sign-720p-16x9-1
REGISTER FOR THE PRESENTATION

15-16%

Targeted IRR

5-10 Years

Holding Period

10-11%

Projected Annual Cash-on-Cash

$100k

Minimum Investment

Register for The LIVE Investor Presentation

Our live presentation is scheduled for Wednesday, October 28st at 2PM EST and will feature a Q&A portion so you can have all your questions answered by us. Note: This 506(c) syndication is open to ACCREDITED investors only.

Can’t attend? Register anyways and we will give you immediate access to the replay after the presentation.

SAVE YOUR SEAT

Opportunity Summary

r

Pandemic Resilience

Landlord Friendly State:
  • South Carolina is very pro-landlord
  • Government is providing significant assistance programs
  • Evictions are still possible when tenant doesn’t follow CDC rules that requires them to provide evidence they are seeking a job, to establish a rent payment plan, etc.
Resilient Renter Base
  • A Class tenants with higher education and income are doing better. We are focusing on ‘dirty white color’ residence which inherently have less collection issues. 

Renovation

With a Capex Budget of $448k, we will be renovating 86 units and updating the exterior of the buildings and common areas. Comparable properties are charging a 150-250 premium for updated units.

Currently this property has NO amenities, once we acquire the property we will add additional value by creating the following:

  • Clubhouse
  • Outdoor BBQ Station
  • Dog Park

Location

Brighton Place sits in an area that has become highly desirable because of its proximity to jobs, shopping, and dining. Located on the Savannah River in the Augusta/Aiken Metropolitan area, North Augusta is minutes away from neighboring Cities of Augusta and Aiken. Brighton Place offers its residents all the advantages of a big city living while still maintaining a small-town charm.

What used to be a C areas are revitalizing as growth extends from the nearby downtowns. As a result, the complex is located in an area that has experienced significant growth as total rent costs have jumped tremendously in the surrounding areas. The average age in the area is 35 – 44, lending itself to a younger demographic looking for high-quality living space.

g

Management

The property has been self-managed with a single on-site staff member and no dedicated maintenance tech. Current management does not have professional marketing practices in place to drive higher rents.

We will implement a multidimensional marketing plan that will allow us to create a more intentional target resident profile.

Take a Tour

brighton-place-apartments-north-augusta-sc-building-photo brighton-place-apartments-north-augusta-sc-primary-photo-flipped brighton-place-apartments-north-augusta-sc-sign-720p-16x9-1 Brighton-Place-Tour-4 Brighton-Place-Tour-5 Brighton-Place-Tour-6 Brighton-Place-Tour-7 (1) Brighton-Place-Tour-8 Brighton-Place-Tour-9 Brighton-Place-Tour-10 yellow-trees-1 red-car-1000px kitchen-1000 kitcheb inside

Capital Improvements

Existing Units

  • Most current units have moderate upgrades – Tile or LVT in wet areas, black and/or white appliances, original cabinets
  • Tub surroundings are the typical “older look”

Upgraded Units

  • Complete LVT
  • Replace appliances
  • Repaint interior
  • Replace bathroom vanity
  • Bathroom mirror frame
  • Light fixture
  • Resurface/replace kitchen cabinets

Exterior Renovations

  • Landscaping needs work and siding on building needs repaired
  • Property does not currently have functioning amenities
  • We will do a club house renovation and add a dog park

Upgraded Exterior

  • Landscaping
  • Clubhouse renovation
  • Dog Park
  • Siding repairs

Augusta, GA Key Features

Augusta sits in an area that has become highly desirable because of its proximity to jobs, shopping, and dining. With the area having a median household income of $100,250/yr and a median monthly rent of $761, this highly-ranked metro is in a great position to have many residents with very low default rates compared to other areas.

  • Second-largest metropolitan population in the state of Georgia
  • Mid-Market of the Year – Southern Business & Development magazine
  • Top Ten Places in the South with Plenty of Talented Labor – Southern Business & Development magazine
  • Best Cities to Retire – WalletHub 2016
  • Best 100 Places to Live – U.S. News and World Report, 2016
  • One of 12 Great Places to Retire – Kiplinger 2016
  • Top Ten Places in the South with Plenty of Talented Labor – Southern Business & Development magazine
REGISTER FOR THE PRESENTATION

We Are Multifamily Investment Professionals

 

  • Experienced

    With a combined 100+ years of experience and $300MM in closed multifamily transactions, we have the subject matter expertise, key relationships, and proven track record to execute profitable deals.

  • Conservative

    We are opportunistic investors focused on creating long term value. We stress test our deals and use leverage carefully to create sustainable cash flow and limit our risk.

  • Diligent

    Closing a deal, while challenging, is the easy part. Executing on the business plan is the hard part. It takes perseverance and persistence to achieve what we set out in our underwriting.

REGISTER FOR THE PRESENTATION

REGISTER FOR THE PRESENTATION

This exciting investor presentation takes place online on Monday, October 26st, at 8PM CST.

Can’t attend? Register anyways and we will give you immediate access to the replay after the presentation.

Note: This 506(c) syndication is open to ACCREDITED investors only.

Contact Us

Disclaimer: The REM Capital website is intended solely for informational purposes. The REM Capital website does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in a REM Capital investment opportunity. All information included in this website is believed to be current as of the date hereof and is subject to change, completion, or amendment without notice. The REM Capital website does not purport to contain all the information necessary to evaluate an investment with REM Capital, any such offer or solicitation will be made only by the delivery of a confidential Private Placement Offering Memorandum (PPM)relating to a particular investment. Access to information about the investments are limited to investors who either qualify as accredited investors within the meaning of the Securities Act of 1933, as amended, or those investors who are sophisticated in financial matters, and it is understood that you will make your own independent investigation of the merits and risks of any future investment with REM Capital & partnered operators. All prospective investors are encouraged to conduct their own independent due diligence investigation, review, financial projections, and consult with their legal, tax, and other professional advisors before making an investment decision.

This website may include forward-looking statements. All statements other than statements of historical facts included in this website, including, without limitation, statements regarding the future financial position, targeted or projected investment returns, business strategy, budgets and projected costs, plans and objectives for further operations, are forward-looking statements. Forward-looking statements reflect our current expectations and assumptions as of the date of the PPM, and are subject to a number of known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or achievements expressed or implied.