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The Crest on Colorado

A unique 98 unit Built-to-Rent investment opportunity in Lafayette, Louisiana

Property Details

  • 98 Unit Built-to-Rent development

  • Southeast projected growth of 1.8 million renters

  • Near highly desirable Ridge Elementary School – Rating 8 out of 10 (Zillow)

  • Close to major retailers - Whole Foods, Costco, Walmart, Target, Starbucks. Proximity to Acadiana Mall

  • 10 Miles from Lafayette, LA via I-10

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TheCrest-Property

The Story Behind the Opportunity

  • Looking at BTR projects in Southeast (Southeast projected growth of 1.8 million renters)

  • Noticed bigger developers (DSLD and DR Horton) and institutional investors were going into secondary and tertiary markets

  • Our developer partners, Derek Alexandrenko and Chris Ventre of Hammerhead Capital, have strong community ties in the area

  • Met with city officials and they loved our idea for a BTR development​

TheCrest-Experience

Our Experience

In this market, you need to rely on an experienced team of commercial real estate syndicators. Clive Capital and its partners have been working to syndicate build-to-rent and multifamily investment opportunities since the early 2000s and through the 2008 recession, leading to a combined 60+ years in experience. Click here for more information.

$1.2B+

3000+

$400M+

60+

ASSETS UNDER
MANAGEMENT

UNITS

EQUITY RAISED

YEARS OF EXPERIENCE

Have a question for our team? Schedule a call now to ask us anything.

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DOWNLOAD:

With our increasingly volatile markets, savvy experienced investors turn to commercial real estate to weather the storm and maintain their passive income. Download and learn why apartment syndications are a superior asset class.

Apartments as a superior asset class in volatile markets

TheCrest-ImagesAndVideos

Images

Videos

The Crest BTR in Lafeyette, LA

The Crest BTR in Lafeyette, LA

The Crest BTR in Lafeyette, LA
The Crest - Intro
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The Crest - Intro

Why BTR?
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Why BTR?

The Crest - Investment
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The Crest - Investment

Investment Thesis

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IRR: 17.5%

Riskiest portion of development is complete and underwritten rents have been achieved

Hold Period: 4 years

Yield on Cost: 7.8%

Equity Multiple: 1.86x

Vertical Buildout Contingency Reserve: 13%

Conservative build out rate - 6 homes per month to complete construction by May 2024

Rate Cap: 9.75%

Bonus Depreciation

Exit Rate Cap: 80 bps above current market cap rate

TheCrest-Opportunity

Opportunity

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  • 506C Opportunity (Accredited Investors only)

  • Equity Raise: $800k 

  • Minimum Investment: $50k 

  • If investing over $500,000, please contact us

  • IRA and Retirement Funds accepted

  • First come first served!
     

Distribution Waterfall

How to Invest

No matter where you are in your investment path, we’re here to help. If you're ready to find out more information about The Crest, feel free to register your soft commit. Or visit our Learn More page, view our blogs, or sign up for our weekly newsletter

TheCrest-FAQs

FAQs

Here are the most common questions we receive around this opportunity. Don't see your question? Just