cardone-equity-fund

Cardone Equity Fund

Open Fund
25%

Target markets will include FL, TX, TN, GA, NC, SC, AL. However, the Fund may occasionally invest in other markets within the Continental U.S. as well as other classes of multi-family, single family and commercial properties, and other real estate backed investments as may be determined by the Manager and Investment Committee.

Location Various
Asset Class Multifamily Apartments
Offering Size $40,000,000
Min/Max Investment 100K / 5M
Projected IRR 15%
Projected Multiple 1.70X
reserveportstlucies

Reserve at Port St. Lucie

100% Funded
100%

This fund is comprised of a single asset located in Port St. Lucie, FL. With high rental demand and low levels of affordable housing construction this market is ideal. Reserve at Port St. Lucie was purchased below replacement cost and continues to outperform original projections. Since acquisition rent has increased significantly providing strong monthly returns and long term appreciation of the assets value.

Location Port St. Lucie, FL
Asset Class Multifamily Apartments
Offering Size $4,800,000
Projected IRR 12%
Projected Multiple 2.20X
Actual Cash On Cash 13.4%
reserveormondbeach

Reserve at Ormond Beach

100% Funded
100%

Reserve at Ormond Beach is single asset fund. Located in Ormond Beach, FL and conveniently positioned near I-95, Reserve at Ormond Beach has consistently maintained high occupancy and increasing rent levels. The capital raise for this asset was incredibly successful. We raised more than $8.3 million in less than six weeks and there were far more investors than equity positions available in the fund. Consistent monthly cash flow, property appreciation, and the return of invested capital are some of the leading factors behind the high demand for our fund.

Location Ormond Beach, FL
Asset Class Multifamily Apartments
Offering Size $8,330,000
Projected IRR 12%
Projected Multiple 2.70X
Actual Cash On Cash 17%
heronpointe

Heron Pointe

100% Funded
100%
Effective Gross Income $2,864,971
Operating Expenses $1,249,695
Expense Ratio 43.6%
Net Operating Income $1,615,276
Location Boynton Beach, FL
Asset Class Multifamily Apartments
Purchase Price $30,387,341
wellingtonclub

Wellington Club

100% Funded
100%
Effective Gross Income $3,642,289
Operating Expenses $1,470,919
Expense Ratio 40.4%
Net Operating Income $2,171,370
Cash Flow $1,037,179
Cash On Cash 15.4%
Location Lake Worth, FL
Asset Class Multifamily Apartments
Purchase Price $32,831,254
realm

Realm

100% Funded
100%
Effective Gross Income $1,486,325
Operating Expenses $614,518
Expense Ratio 41.3%
Net Operating Income $871,806
Cash Flow $380,372
Cash On Cash 6.5%
Location Boca Raton, FL
Asset Class Multifamily Apartments
Purchase Price $12,766,000
integrashores

Integra Shores

100% Funded
100%
Effective Gross Income $4,498,856
Operating Expenses $1,562,965
Expense Ratio 34.7%
Net Operating Income $2,935,891
Cash Flow $1,236,884
Cash On Cash 20.6%
Location Daytona, FL
Asset Class Multifamily Apartments
Purchase Price $32,517,208
thetrellis

The Trellis

100% Funded
100%
Effective Gross Income $3,071,372
Operating Expenses $1,374,021
Expense Ratio 44.7%
Net Operating Income $1,697,351
Cash Flow $608,255
Cash On Cash 8.9%
Location Savannah, GA
Asset Class Multifamily Apartments
Purchase Price $29,220,235
audubonpark

Audubon Park

100% Funded
100%
Effective Gross Income $3,693,383
Operating Expenses $1,263,653
Expense Ratio 34.2%
Net Operating Income $2,429,730
Cash Flow $897,285
Cash On Cash 12.3%
Location Daphne, AL
Asset Class Multifamily Apartments
Purchase Price $35,379,808
hickorycreek

Hickory Creek

100% Funded
100%
Effective Gross Income $2,091,084
Operating Expenses $1,096,200
Expense Ratio 52.4%
Net Operating Income $994,884
Cash Flow $139,128
Cash On Cash 5.1%
Location Nashville, TN
Asset Class Multifamily Apartments
Purchase Price $13,779,496
sheffieldheights

Sheffield Heights

100% Funded
100%
Effective Gross Income $2,462,100
Operating Expenses $1,134,060
Expense Ratio 46.1%
Net Operating Income $1,328,040
Cash Flow $136,823
Cash On Cash 14.5%
Location Nashville, TN
Asset Class Multifamily Apartments
Purchase Price $16,333,279
lincoyabay

Lincoya Bay

100% Funded
100%
Effective Gross Income $2,291,232
Operating Expenses $1,119,384
Expense Ratio 48.9%
Net Operating Income $1,171,848
Cash Flow $261,960
Cash On Cash 15.0%
Location Nashville, TN
Asset Class Multifamily Apartments
Purchase Price $14,745,157
jacksongrove

Jackson Grove

100% Funded
100%
Effective Gross Income $2,372,124
Operating Expenses $1,065,972
Expense Ratio 44.9%
Net Operating Income $1,306,152
Cash Flow $188,592
Cash On Cash 6.1%
Location Nashville, TN
Asset Class Multifamily Apartments
Purchase Price $19,020,012
harbourbay

Harbour Bay

100% Funded
100%
Effective Gross Income $2,665,501
Operating Expenses $1,126,483
Expense Ratio 42.3%
Net Operating Income $1,539,018
Cash Flow $733,650
Cash On Cash 38.3%
Location Palm Bay, FL
Asset Class Multifamily Apartments
Purchase Price $10,146,338
harbourcay

Harbour Cay

100% Funded
100%
Effective Gross Income $3,978,936
Operating Expenses $1,429,104
Expense Ratio 35.9%
Net Operating Income $2,549,832
Cash Flow $1,139,870
Cash On Cash 53.8%
Location Stuart, FL
Asset Class Multifamily Apartments
Purchase Price $20,208,489
harbourcaysouth

Harbour Cay South

100% Funded
100%
Effective Gross Income $1,345,465
Operating Expenses $492,908
Expense Ratio 36.6%
Net Operating Income $852,557
Cash Flow $372,795
Cash On Cash 60.4%
Location Stuart, FL
Asset Class Multifamily Apartments
Purchase Price $6,933,946
harbourpalms

Harbour Palms

100% Funded
100%
Effective Gross Income $3,081,129
Operating Expenses $1,226,279
Expense Ratio 39.8%
Net Operating Income $1,854,850
Cash Flow $1,006,138
Cash On Cash 64.8%
Location Port St. Lucie, FL
Asset Class Multifamily Apartments
Purchase Price $11,926,505
harbourpines

Harbour Pines

100% Funded
100%
Effective Gross Income $1,899,977
Operating Expenses $760,933
Expense Ratio 40.0%
Net Operating Income $1,139,044
Cash Flow $601,463
Cash On Cash 65.2%
Location Port St. Lucie, FL
Asset Class Multifamily Apartments
Purchase Price $8,048,458
harbourbreeze

Harbour Breeze

100% Funded
100%
Effective Gross Income $1,166,372
Operating Expenses $493,441
Expense Ratio 42.3%
Net Operating Income $672,931
Cash Flow $140,235
Cash On Cash 41.0%
Location Stuart, FL
Asset Class Multifamily Apartments
Purchase Price $5,408,159