Information About Upside Avenue Multifamily REIT
Putting the Power of Real Estate on Your Side
Upside Avenue Multi-housing Income REIT
Upside Avenue is a real estate investment vehicle managed by an experienced, geographically-focused multifamily fund manager.
The Sunbelt Region
Stabilized or Value-Add Apartment Homes
Similar to buying a home, there are choices when purchasing an apartment building – buy it fixed up or buy it and fix it up. Buying it fixed up is referred to as stabilized, while buying it and fixing it up – or renovating it – is called value-add.
We look for opportunities to build apartment buildings on undeveloped, vacant land.
We use an equity (cash on hand) strategy to buy apartment buildings.
|Offering Highlights||Offering Highlights|
|Type of Offering||Non-voting stock of a non-listed real estate investment trust (REIT)|
|Manager/Adviser||Casoro Investment Advisory Firm, LLC|
|Maximum Offering||$75 million (or 7,500,000 shares)|
|Offering Price||$11.29 per share as of Q2 2022|
|Minimum Initial Investment||$2,000|
|Suitability Standards|| |
|Distributions||Quarterly (not guaranteed, subject to Manager's discretion)|
|Share Redemption Plan|| |
|Tax Reporting||IRS Form 1099|
|Organization & Offering Expense||Up to 3% of the gross proceeds of the offering (reimbursed to Manager)|
|Management Fee||1% (annualized rate, paid quarterly to Manager)|
|Operating Expense||1% (annualized rate, paid quarterly to Manager)|
|Disposition Fee||2% of total sale value (paid at closing to Manager)|