SAN
FRANCISCO, July 22, 2024 /PRNewswire/ -- Goodegg
Investments, an award-winning commercial real estate
investment firm in San Francisco,
California, is pleased to announce the acquisition of Crowne
Club Apartments – a 250-unit class B+ apartment community in
Winston-Salem, North Carolina, via
its Goodegg Wealth Fund II and Goodegg Growth Fund III.
Crowne Club joins Encore Metro at Millenia – a 215-unit class A
multifamily asset in Orlando,
Florida, which the firm acquired in December 2023 – as the second and final asset in
Goodegg Wealth Fund II.
Together, the two assets provide investors a much sought-after
built-in diversification opportunity through complementary assets,
business plans, and markets. Investor risk is further mitigated
through the fixed rate financing placed on each asset, sheltering
the investments from the interest rate volatility we've seen in
recent months.
Goodegg's strategic approach to selecting properties like Crowne
Club and Encore Metro ensures that investors are diversified, not
just geographically but also in terms of market segment, thus
maximizing stability and minimizing risk.
Goodegg Growth Fund III was the firm's third Regulation
Crowdfunding (RegCF) offering, allowing both accredited and
non-accredited investors to participate, at a much more accessible
minimum investment level, giving more people the opportunity to
invest in strong multifamily assets, reap the tax advantages of
investing in real estate, mitigate risk, and diversify their
portfolios.
While it can be challenging to find solid new-acquisition
multifamily opportunities in the current environment, Goodegg
continues to maintain high acquisition standards and offers their
investors a combination of strong multifamily and hotel investments
in key growth markets around the country.
Crowne Club is a 250-unit class B+ garden style apartment
community completed in 1995. The asset is in excellent physical
condition, with immediate value-add upside, and is located minutes
from the Atrium Health Wake Forest Baptist Medical Center (19,000+
jobs) in an affluent submarket of Winston-Salem, NC.
Located northeast of Charlotte
and west of Raleigh-Durham,
Winston-Salem has been named one
of the top 10 emerging multifamily markets of 2024. The city ranked
No. 10 on Forbes' list of the 25 Best Cities for Renters and
No. 1 in the study's affordability category in 2024.
Anchored by Wake Forest University
and several large banking and medical employers, Winston-Salem offers an affordable cost of
living and strong job growth, which have led to low unemployment
and strong net migration rates. Combined with limited new supply
(only 3 market-rate apartment communities are slated in the entire
Winston-Salem market over the
coming 24 months), this provides the ideal scenario for strong rent
growth as demand continues to climb.
"Crowne Club is a fantastic asset in an excellent emerging
market, which has shown both strong growth and resilience. We're
proud to add this property to our growing portfolio, which includes
several other assets in the Carolinas and throughout the Sun Belt,"
said Goodegg Investments CEO Julie
Lam. "Our investors love strong value-add assets like this
one, particularly when paired with complementary assets like Encore
Metro, which give them built-in diversification."
In addition to multifamily, Goodegg is also helping its
investors to further diversify their holdings through investments
in cash-flowing select-service hotels geared toward business
travelers. Because select-service hotels offer more limited
amenities as compared to full-service hotels, they provide a strong
risk-mitigated investment for investors looking to diversify.
For investors of all levels looking to diversify their portfolio
through strong commercial real estate assets in key growth markets,
Goodegg Investments invites them to visit the Open Investment
Opportunities section of its website or to reach out with any
questions via email or phone.
About Goodegg Investments
Goodegg Investments is a renowned women-led real estate
investment firm in San Francisco,
California, that is committed to helping both early-stage
and experienced investors to scale and diversify their real estate
portfolios by providing a variety of real estate syndication
opportunities that offer all the benefits of investing in real
estate without any of the hassles of being a landlord.
From busy physicians to entrepreneurs, teachers, engineers,
stay-at-home parents, and everyone in between – Goodegg Investments
founders Julie Lam and Annie Dickerson use their industry expertise to
help create opportunities to build wealth through real estate for
as many people as possible.
More Information
To learn more about Goodegg Investments and its acquisition of
Crowne Club Apartments via Goodegg Wealth Fund II and Goodegg
Growth Fund III, please visit the website at
https://goodegginvestments.com/.
Contact
Annie
Dickerson
888-830-1450
380652@email4pr.com
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SOURCE Goodegg Investments