January 8, 2019
Miami, FL – Cardone Capital announced the acquisition of 10X Living at Grandview, a premier garden-style residential rental community of 458 units built in 2004 in Austin, Texas. The deal closed on December 27th, making it the fourth sizable acquisition for Cardone Capital in 2018.
Cardone Capital, with over 4,500 units currently under management, has spent over 25 years focusing on investing in income-producing, affordable living in secondary and tertiary markets and is changing the way people invest in multifamily real estate by offering real asset ownership, no broker fees, monthly distribution of funds as well as accredited and non-accredited fund offerings.
Grant Cardone, CEO of Cardone Capital commented, “Sitting on the summit of one of the highest mountains in all of Austin and the surrounding metropolitan areas, the location of 10X Living at Grandview is irreplaceable, offering outstanding views. Residents enjoy incredible convenience to major employers, upscale retail, and recreational venues at nearby Lake Austin and Bull Creek Park.”
Assess to the community is from a scenic private roadway. The neighborhoods surrounding Grandview currently have single family home values of nearly $900,000 and homes with views comparable to Grandview exceed $1 million. In addition, the one mile radius surrounding Grandview has an average household income exceeding $195,000.
“10X Living at Grandview is exactly what we look for at Cardone Capital—a great location with affordable rents. We expect this acquisition will be extremely rewarding for our investors.” —Ryan Tseko, Portfolio Manager at Cardone Capital.
Non-accredited investors now have the opportunity to invest with Cardone Capital. Sheri Hamilton, Chief Operations Officer of Cardone Capital, noted, “This opportunity gives the less experienced, less capitalized investor access to the kind of deals usually reserved for big players on Wall Street.”
About Cardone Capital
Cardone Capital is a private-equity real estate firm that specializes in income- producing product, mostly in the multifamily housing sector. With 25+ years of experience in the real estate industry, the firm acquires, improves, and operates multifamily real estate in growth markets in four states; Georgia, Alabama, Texas and Florida.
Cardone Capital’s mission is to identify, acquire and manage income-producing properties in great locations that provide opportunities for investors to preserve capital investments, collect consistent cash distributions while providing future capital appreciation of the assets.
Disclaimer: Our offerings under Rule 506(c) are for accredited investors only.
FOR OUR CURRENT REGULATION A OFFERING, NO SALE MAY BE MADE TO YOU IN THIS OFFERING IF THE AGGREGATE PURCHASE PRICE YOU PAY IS MORE THAN 10% OF THE GREATER OF YOUR ANNUAL INCOME OR NET WORTH. DIFFERENT RULES APPLY TO ACCREDITED INVESTORS AND NON-NATURAL PERSONS. BEFORE MAKING ANY REPRESENTATION THAT YOUR INVESTMENT DOES NOT EXCEED APPLICABLE THRESHOLDS, WE ENCOURAGE YOU TO REVIEW RULE 251(D)(2)(I)(C) OF REGULATION A. FOR GENERAL INFORMATION ON INVESTING, WE ENCOURAGE YOU TO REFER TO http://www.INVESTOR.GOV.