Palm Shore
You are invited to join QMJ Properties, partners with Solid Door Investments, in purchasing an 88-unit apartment community in Galveston, Texas.
This is a 506(c) offering only for Accredited Investors.
Property Highlights
88 Units
Built in 1968
Asset Class C
93% Occupancy
$7,418,000 Purchase Price
$650,000 Cap Ex Budget
$989 Current Rent Per Unit
$84,295 Price Per Unit
Send us a message asking for more details and learn how you can get involved today!
We Offer Two Investment Classes
Class A Investors
Referred to as our Preferred Equity Investor, will receive a 10% return on their investment. Class A members will be paid monthly with no delayed first payment. Class A members do not participate in the equity at sale or refinance, but they do participate in depreciation on the asset. A minimum of $75,000 is required for Class A investors.
Sample $100,000 Investment – Class A Members
This tier offers stronger projected cash flow and reduced risk compared to Class B Limited Partners.
Class B Investors
Referred to as our Common Equity Investor, will receive a 7% return on their investment. Class B members will be paid quarterly with their first payment starting 6 months after close of escrow. Class B members will receive a 12% Annualized Return* on their investment at sale or refinance for a combined total of 19% Annualized Return (AAR). A minimum of $50,000 investment is required for Class B Investors.
*12% annualized return will be paid upon sale or refinance for a combined AAR of 19%.
Sample $100,000 Investment – Class B Members
This tier has reduced projected cash-on-cash returns; however, it offers greater participation upon disposition of the asset.
