The Residences at Diamond Ridge

The Residences at Diamond Ridge

Early Stage

336-unit, value-add multifamily property near downtown Winston-Salem, NC

336-unit, value-add multifamily property near downtown Winston-Salem, NC

Overview

Raised this Round: Raised: $298,000

Total Commitments ($USD)

Platform

Republic

Start Date

01/27/2021

Close Date

04/30/2021

Min. Goal
$25,000
Max. Goal
$525,000
Min. Investment

$1,000

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1,000.00

Year Founded

2020

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Trenton, New Jersey

Business Type

Life Style

The Residences at Diamond Ridge, a multifamily property near Winston-Salem, NC, is raising funds on Republic. It is a 336-unit property with three playgrounds, a soccer field, a swimming pool, and a leasing office. The DeRosa Group plans to acquire and renovate the property. The current round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $525,000, and the proceeds will be used to acquire and renovate the property. The Residences at Diamond Ridge is expected to generate a fixed interest rate return of 8% for three years. The renovation is also expected to increase the rental by $200 per unit.
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The Residences at Diamond Ridge on Republic
Platform: Republic
Security Type: Equity - Common
Price per Share: $1.00

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