Current Offering

Columbus, OH: Somerset Place

OPPORTUNITY IS FULLY SUBSCRIBED - PLEASE LET US KNOW IF YOU WANT TO KEEP UPDATED ABOUT FUTURE INVESTMENTS

 

The Bradford School, to be known as Somerset Place, represents an extremely unique opportunity to acquire and invest in a significant value-add property in one of the country’s most exciting markets, Columbus, OH. 

  • Projected net-to-investor IRR for 18 month year hold: 34% 
  • Opportunity for quick sale

  • Option to finance and return 80-100% of equity to investors, while maintaning same ownership percentage

  • Preferred Return: 8%

Tidegate Capital placed under agreement Dec 30, 2019 

Property Acquired May 6, 2020

  • Will be delivered as a totally vacant building 

  • 32 Units will be renovated and upgraded to appropriate market standards

  • 16 units have already been upgraded and leases and move-ins have begun

  • Commercial spaces will be configured with long-term leases to attract stable tenants 

 

Total Project Cost: Approx $3,400,000 inclusive of:

 

  • $2,655,000 Acquisition price
  • More than $600,000 Capital Improvements to be made which include:
    • Contemporary renovations of most units​
    • Exterior Improvements for enhanced curb appeal: tree islands, green space, portico
    • Kitchen and Bath Upgrades as needed

© 2019