CIELO AZUL

Located minutes from our Brooklyn Portfolio of properties, Cielo Azul features larger units, beautiful foliage, and rolling terrain. The property is near a popular hiking path, shopping, schools, services & employment centers, making this community a strong contender in the local market. This 79-unit property was closed in October 2021. Our property management group, Allied, played a vital role to keep occupancy high post-closing (averaging 96%) and seeing a significant reduction in delinquency. It really is the perfect addition to the portfolio in an area that has a bustling, innovative urban core and robust economic development!

By increasing curb appeal and implementing strategic interior renovations with high quality interiors and amenities, rents are expected to increase a projected 46% over the next 24 months.

The funds described herein are open to “accredited investors” only, through an offering made in accordance with Regulation D, Rule 506(c) of the Securities Act of 1933, as amended. In purchasing securities through a 506(c) offering, we are obligated to verify any participating investor’s status as an “accredited investor” in accordance with Rule 501 of Regulation D. Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. We do not make any representations as to the accuracy or completeness of the information contained on this website and undertake no obligation to update the information. Past performance is not an indicator of any future results. All investments contain risk and may lose value. This does not constitute an offer to sell or a solicitation of interest to purchase any securities or investment advisory services in any country or jurisdiction in which such offer or solicitation is not permitted by law.