Yieldstreet closed a $7M preferred equity investment in a special purpose vehicle that is controlled by an experienced Florida based developer. The Sponsor is developing a 368-unit garden-style, multi-family complex and five retail pads on a 33.6-acre parcel of land in Riverview, FL. Although the project experienced initial delays as a result of COVID-19 holding up the permitting process, the project is now progressing as expected. Barring any major setbacks, the construction completion date is anticipated to be July 2022.
4 years agoYieldstreet Real Estate closed and funded a $5.6M preferred equity investment in a special purpose vehicle controlled by an experienced Florida-based developer (Sponsor). As of September 2020, the clubhouse has received its certificate of occupancy and leasing has commenced. Buildings four and five are scheduled to receive their occupancy certificates by the end of October 2020.
4 years ago