Estimated Construction Commencement
Estimated Cash Flow Start Date, After Lease UP
Estimated Investment Period
Class A Multi-Family
Emerson Place Apartments, LLC, is a Colorado limited liability company formed in February 2016, to develop and hold a “To Be Built” Apartment Development in Denver, Colorado, called “Emerson Place”, consisting of approximately 85 Class A Studio Apartments, structured parking, roof top deck, main floor clubhouse and more. Emerson Place is managed by Allante Properties, LLC, a Colorado limited liability company formed in 2011 to acquire existing, or build new, multi-family properties in Colorado.
Emerson Place has acquired the property with present zoning that allows for apartment use in a 5-story configuration. Construction drawings are in process and Allante will hire a contractor to build the building. Construction is expected to start in November 2016 with completion and lease up 18 months later.
Emerson Place will raise a total of $8.0 million in equity from accredited investors, and up to $750,000 of Mezzanine Debt, if required. This total equity of $8.0 Million will represent approximately 40% of project costs to insure safety of principal, enhance cash flows, and to reduce risk. Emerson Place Apartments, LLC Membership Interest of 0.178125% is offered for minimum investment of $25,000.
This Summary is for informational purposes and Accredited Investors only, it does not constitute an offer to sell or solicitation of an offer to buy a security. Allante has prepared a Confidential Private Placement Memorandum and related documents, which will be provided to Accredited Investors that describes material terms and conditions and material risks involved. Please read it carefully before considering an investment.