APOLLO APARTMENTS
Edmonds, WA (Seattle MSA)
CUSIP - RSAPL
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RedSwan CRE is pleased to present Apollo Apartments, a 255-unit market-rate apartment building in the City of Edmonds, 20 minutes North of Seattle. This project is an institutional-level asset that is rarely available for individual investors. The project is fully entitled and has 90% construction drawings.
Sponsor: Edmonds Development
ASSET DESCRIPTION & PERFORMANCE METRICS
| Information Type | Age |
|---|---|
| Minimum Investment: | $25,000 |
| Property Type: | Apartments |
| Investment Type: | Equity |
| Target Raise: | $32,500,000 |
| # of Units: | 255 |
| Year Built: | 2024 |
| Property Class: | Class A |
| Targeted Investor IRR: | 25%* |
| Targeted Average Cash Yield: | 9.8%* |
| Targeted Equity Multiple: | 2.29x* |
| Net Operating Income: | $3,988,109 |
| Price Per Token: | $1.00 |
| Target Period: | 10 Years* |
| Blockchain Security Protocol: | Polygon |
| Offering Type: | REG D |
| Property Value: | $50,000,000 |
* = Targeted returns are subject to change.
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General Disclaimer Redswan CRE Marketplace (“RedSwan”) maintains a commercial real estate technology platform through which companies and individuals who own CRE properties can offer tokenized interests of their properties to qualified investors for investment. Investments involve risk, including principal loss, and, unless otherwise stated, are not guaranteed. Targeted returns are subject to change and are based on modeling performed by the sponsor. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. There is currently not an active secondary market for digital assets of the type featured on RedSwan. The investor’s ability to liquidate will be dependent on market conditions, and there is no guarantee that a buyer will be available that can offer a price deemed acceptable by the seller. For our full disclaimers, please click here.
Compliant with USA (SEC/FINRA) Regulations 506c, D&S