Terra Equity Group

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Terra Lake Heights

Terra Lake Heights
Exclusive to 506c Accredited Investors

Introduction to the Opportunity

ExecutiveSummary

  • Address: 1375 Pullen Road Tallahassee, Florida 32303
  • Acquisition of Terra Lake Heights (Formerly Lakeshore Heights) for $18,525,000 0 by investors
  • Equity partners share 65%of ownership
  • Total capital raise is $7,500,000
  • Minimum investment $100,000
  • Estimated holding time 3 - 5 years
  • Terra Heights is a 160-unit value add play in our most profitable market
  • Desirable unit mix with 32 studio, 32 1Bd/Ba units, 64 2Bd/2Ba and 32 4Bd/4Ba
  • Extensive renovations done in 2019
  • Opportunity to reduce vacancy post renovations

Schedule a 15 Minute Free Advisory Session

Market Fundamentals

Investors are concerned nowadays about an increased supply of properties in the market, as well as potential increases in interest rates. Keeping this in mind we have lined up few fundamental market information to help you make a decision.

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4.0%

Rent Increase Compared To Previous Year

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54%

Rent vs Own Homes
(2021)

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2.0%

Job Job Growth Over the Past Year

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37.9%

Projected Job Growth Over 10 Years

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94.17%

Average Submarket Occupancy (2019)

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9.6%

Increase Single-Family Home Price YOY 2021

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19,916

Jobs Added Year/Year
(June 2021)

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197,974

Highest Population Reached
(2021)

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1.89%

Decrease in Vacancy
(2020)

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18.0%

Increase In Average Rent
(August 2020-2021)

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#74

Best Performing Large City
(2020 Milken Report – Tallahassee)

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9.15%

Population Growth
Since Most Recent Census

Contact us now to book a slot with our consultant and learn more about this opportunity

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