Crowdfunding Real Estate Marketplace Offers Accredited Investors Opportunity to Capitalize on High-Growth Dallas Metro Area PORTLAND, OR--(Marketwired - Nov 20, 2014) - CrowdStreet, a crowdfunding marketplace connecting accredited investors with institutional-quality real estate investments, today announced it has listed an equity investment opportunity for Timber Oaks, an 11-building, Class A multifamily property in the Dallas metro area. The opportunity is sponsored by Windmill Investments LLC, a privately held, Oregon-based real estate investment and operating company. By listing on CrowdStreet, Windmill Investments is raising $2.7 million from accredited investors toward the $18.4 million purchase of a 180-unit, 190,920 square foot complex built in 2010 and located in Midlothian, Texas. With 98 percent occupancy and an acquisition price of $102,000 per unit, the targeted investor IRR is 17.7 percent with average annual cash-on-cash returns to investors of 7.1 percent."We are pleased to announce CrowdStreet's first posting of a multifamily investment opportunity," said Tore Steen, CrowdStreet's CEO. "As a Class A property with a high occupancy rate located in a market with strong local job and population growth, Timber Oaks represents the kind of institutional-quality investment that CrowdStreet seeks." Investors in Timber Oaks will own an equity percentage interest of Timber Oaks Apartments, teaming up with Windmill Investments, an experienced multifamily owner and operator with more than 1,300 units under management in Oregon, Texas and South Carolina. "The Timber Oaks project offers CrowdStreet investors a great opportunity to participate in a quality project in a strong market. The Midlothian area has seen a population explosion of more than 136 percent during the last decade and continues to grow," said Dan Carter, founder of Windmill Investments. "I believe that crowdfunding is the future of commercial real estate investment because it eliminates the middleman and puts investors directly in touch with firms, like Windmill, that have a proven track record of acquiring and operating real estate." ![]() About CrowdStreet About Windmill Investments LLC Posted from: http://www.marketwired.com/press-release/crowdstreet-launches-27-million-equity-investment-opportunity-sponsored-windmill-investments-1970418.htm Media Contact: |