Sep 20 2023
Cohen-Esrey Apartment Investing | Podcast #28
Today on the podcast, Fund Manager Lydia Kinkade discusses Cohen Esrey Apartment Investment opportunities with Cohen Esrey President and CEO Lee Harris. Opportunities discussed include:
CEAI Fund 25, LLC - Our newest traditional co-investment equity fund. Investors own a diversified portfolio of 16-18 apartment properties, quarterly distributions are made as available, but the larger potential upside is at the end of the 5-year holding period when we sell the property.Park Edge Apartments offerings –8% Guaranteed Return Offering through CEAI Park Edge Lender 2, LLC – Investors are guaranteed an 8% annual return through quarterly distributions. There is also a depreciation component that may shelter some or all of the distributions, potentially enhancing the return beyond 8%. This program has a 4-year holding period with a 1-year extension.14% Preferred Return investment position within CEAI Park Edge Investor, LLC – This offering includes a preferred return capped at an annualized 14% IRR, but is not guaranteed. Investors own equity in the property and will receive a pro-rata depreciation allocation.New Development Project in San Marcos, TX through Cohen-Esrey Development Group – projected 26% IRR and 3.18x multiple on investment.Accredited Investors should reach out to Lydia Kinkade (lkinkade@cohenesrey.com; 913-671-3325) for more information.