New Deal Alert !
The Lofts @1145
5 Fully Occupied Urban-Style Loft Apartments & 3 Professional Offices with Off-Street Parking
17-19% IRR | 2x Equity Multiple | 8% Preferred Return
OVERALL INVESTMENT RETURNS
$50,000
Minimum Investment
1.5M
Total Capital Raise
17 - 19%
Annualized Target LP Return
22 - 24%
Annualized Target Project Returns
5-7 yrs
Target Investment Period
8%
Annualized Preferred Return
2.2x
Project Equity Multiple
1.9 - 2x
Target LP Equity Multiple
THE OPPORTUNITY SUMMARY
Solara Holdings proudly presents our latest investment opportunity in Conshohocken, PA, just 15 miles from Philadelphia. The 1145 Forrest Street Apartments, a boutique Class-A mixed-use asset, boasts five luxurious apartments and three adaptable commercial spaces. With minimal maintenance required, this property offers prime access to Conshohocken's vibrant nightlife and downtown area. Positioned in a highly desirable neighborhood, it commands some of the highest rental rates around Philadelphia, benefiting from its strong economic and demographic growth.
WHY WE LOVE THIS DEAL
Prime Location
Conshohocken is a highly desirable neighborhood in the Philadelphia suburbs, offering great connectivity with SEPTA bus routes and train access, ideal for commuters and residents.
Rich Amenities
The area boasts parks, green spaces, historic architecture, local stores, high-end shopping, fine dining, and neighborhood eateries, catering to diverse tastes and preferences.
Vibrant Developments
Key projects include Sora West, AmerisourceBergen HQ, Seven Tower Bridge, LCOR’s 304-unit multifamily development, an Amazon Distribution Warehouse, and Super Wawa, fueling economic growth.
Thriving Rental Market
Average rental rates exceed $2,000 per month, reflecting high demand and steady growth, driving the need for more multifamily housing.
Dynamic Dining Scene
Downtown Conshohocken features world-class bars and restaurants with year-round outdoor and rooftop seating. Popular spots include Gypsy Saloon, Southern Cross, Jaspers Backyard, and The Great American Pub.
OUR TRACK RECORD
Solara Holdings is a Real Estate Investment and Asset Management Company focused on real estate investment opportunities across the multifamily real estate space. Our comprehensive, multi-level approach to our investment acquisitions provides our investors with direct access to high-quality investment opportunities in multifamily real estate.
500+
Units Acquired
30 Years
of Real Estate Investments
$80M
Transactions
OUR UNIQUE POWER
STRONG DEAL SOURCING
Continuously build strong industry relationships for deal sourcing while clearly communicating our investment needs to sellers and brokers.
EFFECTIVE UNDERWRITING PROCESS
We are committed to an effective and thorough underwriting process to avoid unnecessary hurdles during due diligence.
TENANT SERVICES LEADER
We pride ourselves on being the leader in tenant services in our market and offering a safe and comfortable home for our clients.
"HANDS-ON" ASSET MANAGEMENT FIRM
We are a very "hands-on" asset management firm. Proactive, not reactive, management is critical to protecting our investor's assets.
24/7 ONLINE INVESTOR PORTAL
Our 24/7 online investor portal allows seamless investment management, providing real-time updates and comprehensive access to investment information.
LOCAL PROPERTY SPONSORSHIP
The property is local to the sponsor, ensuring dedicated and personalized oversight for optimal performance and investor satisfaction.
Philadelphia Overview
Rapid Residential Growth
Greater Philadelphia has been the fastest-growing residential area in Pennsylvania for over a decade, with Center City Philadelphia holding the second-largest downtown residential population in the U.S., second only to Manhattan.
Highly Educated Workforce
Over 60% of residents have a bachelor's degree or higher, with the city hosting over 14 colleges and universities, making it a hub for young professionals and academic excellence.
Robust Economy
Philadelphia ranks as the 8th largest GMP in the U.S., with an estimated GMP of $490 billion in 2019, driven predominantly by healthcare and educational institutions.
Significant Employment Opportunities
In University City, "eds and meds" (education and medical institutions) account for 81.3% of jobs, while in Greater Center City, these sectors provide 61,000 positions, making up 21% of all wage and salary jobs.
Thriving Real Estate Market
The median home sale price in Conshohocken is $450,000, reflecting a 6.2% year-over-year increase. Philadelphia also saw a 2.2% annual rent growth, the third-best performance among the 20 largest U.S. markets, with current year-over-year rent gains at 6.4%.