|Min. investment||$25,000||Max. investment||$52,749,587|
|Start date||24 Aug, 2020||Deadline||24 Jan, 2021|
|Soft Cap||$3,000,000||Hard Cap||$52,749,587|
Altitude Residential Series, LLC is offering a Multifamily Portfolio. It allows qualified individuals to invest in multimillion-dollar residential buildings without breaking the bank. Investors will receive tokens (digital shares) that represent fractional ownership of the portfolio and gain dividends based on the cash generated by the properties.
Altitude Residential will acquire real estate listed in the next section upon a successful capital raise. It will start executing purchase agreements one month after the soft cap of $3,000,000 is reached. If the full amount ($52,749,587) is raised before the deadline, the offering will be closed.Altitude Residential reserves the right to replace any property showcased in this portfolio with a similar one if it becomes unavailable during the fund raise.
|Year Built||Year Renovated||Class|
|Lot Size,AC||Building Size. SF||Units|
Assuming NOI growth rate = 1.5%, inflation rate 2.53%, exit cap rate of 5.7%, and disposition at year 5.Management fees vary from property to property and are accounted for in the NOI calculation. 100% of the NOI will be distributed to investors.
Expected Performance Based on the financials presented on the previous page, this is what investors can expect
if they invest: $25,000
Increase in value: $2,329. Total dividends:$7,450.
If they invest $100,000
Increase in value: $9,317. Total dividends: $29,801.
According to Newmark Knight Frank, multifamily cap rates rose nationally to 5.47% in the first quarter of 2020. This increase was led by a 16 basis point increase in non-major market cap prates and a 9 basis point increase in major markets quarter-over-quarter. The cap rate of this portfolio is above the market average at 5.78%.
Both major and non-major markets saw price accelerate year-over-year, up 17.5% and 8.6% respectively. Compared with the fourth quarter of 2019, major market pricing increased 13.3 %while pricing in non-major markets declined. The national average price per unit fell 7.1% quarter-over-quarter to $175 thousand in the first quarter of 2020.
Over the last 12 months, annual effective rent growth remained flat at 3%, while quarterly rent growth rose 130 basis points to 0.5% in the first quarter of 2020 compared with the fourth quarter of 2019. Since the uncertainty from COVID-19 might limit rent growth, we assume a conservative 1.5% yearly NOI growth rate when calculating financial predictions for this portfolio.
Altitude Residential is offering fractional ownership of multifamily real estate in the US in the form of digital shares (tokens). Dividends are distributed to token holders every quarter in USD. Investors can also choose to receive dividends in stablecoins. The company offers a pure equity portfolio of stabilized income-producing real estate in the USA. This way investors can individually decide if they want to leverage their tokens for debt and higher ROI or keep it as is for lower risk.
The properties included in this portfolio represent the assets that Altitude Residential intends to buy upon successful capital raise. In case one or more of the properties become unavailable during the raise, Altitude Residential is responsible for finding an asset with comparable parameters (size, income,location, return, etc).
Altitude Residential Series, LLC is facilitating the deal. It will start acquiring the properties listed in this portfolio once the soft cap is raised. It is responsible for replacing any property that cannot be acquired with an equivalent. Altitude Residential will own 3% of this portfolio.
Altitude Residential will use the services of Bravo Capital Advisors for portfolio management. The latter will communicate with local property managers to collect rental fees and supervise asset maintenance.
REINNO is the technology provider for the offering. It created digital shares (tokens) that represent fractional ownership of this portfolio.
Bull Blockchain Law provides legal structure and advice for this deal.
For information regarding the escrow provider, please refer to the Purchase Agreement.
There are risks associated with investing in securities.Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. The information contained in this file has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. This offering has been prepared by Altitude Residential Series, a series of Reinno Series, LLC (the Company). The Company excludes unequivocally all inferred or implied terms, conditions and warranties arising from this document and excludes all liability for loss and damages arising there from.
All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. All potential buyers are advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.The investment opportunity referred to on this Site may not be suitable for all investors and they should seek professional investment advice before making a decision to invest in the offering. The offering is only available to accredited investors in the U.S. and abroad.To the extent that this offering contains any information regarding past performance, such information is not a reliable indicator of future performance and should not be relied upon as a basis for an investment decision. Past performance does not guarantee future performance and the value of investments and the income from them can fall as well as rise. No investment strategy is without risk and markets influence investment performance. Investment markets and conditions can change rapidly and investors may not get back the amount originally invested and may lose all of their investment.
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