Cardone Equity Fund VII is invested in one property located in Austin, Texas.
10X Living at Grandview, a premier garden-style residential community, sits on an irreplaceable location on top of one of the tallest mountain tops in NW Austin. Through a scenic, private roadway, the property leads to major interstates, Loop 360 and RM 2222.
The neighborhoods surrounding the property have single family homes valued up to $900,000, and homes with views comparable to 10X Living at Grandview exceed $1 million. Average household income in the one mile radius of the property is estimated at $195,000/year. Grant Cardone plans to hold this asset long term due to the market’s demonstrated increase in population and job growth.
Similar to Cardone Capital’s previous Funds, CEF VII offers accredited investors the opportunity to participate in investments in direct partnership with Grant. GEE VII raised $43.5 million in equity to close on the transaction.