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Vinney Chopra and Moneil Investment Group are excited to represent offerings of 109-unit B-Class multi family community in Knoxville, Tennessee.

★ For Accredited Investors ★

Offering Details At A Glance

$12.5M

Purchase Price

$3.5M

Equity Raise

$100,000

Minimum Investment

5-7 Year

Holding Period

99%

Occupancy (As of 7/13/21)

$500,000

Capex

Projected Investor Returns

A two-tiered return structure gives investors more choices when placing their equity. Investors have the opportunity to invest in either tier of equity Class A, Class B or a combination of both Class A and Class B. Diversifying in both classes allows for a risk adjusted and blended return.

Property Tour

The Adelade is a 109 unit B-Class multi family community completely renovated in 2019 situated in 4.56 acres, offering studio, 1 and 2 bedroom units in Knoxville, Tennessee

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Strong Historical Rent Growth and Occupancy

The South Knoxville submarket has experienced consistent rent growth over the past four years, while occupancy has increased to a Knoxville MSA high of 97% in 2020. Maintaining an average occupancy of 96% over the last three years, the South Knoxville submarket has repeatedly outperformed the Knoxville MSA average occupancy of 93.9%.

New Development Expansion in the Area

South Knoxville has experienced rapid growth in recent years due to the revitalization of downtown and the Market Square neighborhood, just across the Tennessee River. Expansion along the Sevier Avenue corridor has intensified, with an array of infrastructure projects, over $700 million centered around outdoor activities and walkability. Proximity to natural amenities—such as riverfront parks and walking trails—has attracted new residents to the area and commercial development has followed.

Mission Driven Rents

A recent $3.7 million complete renovation into the property has left a huge opportunity to increase rents without a large cap ex budget. A nearby competitor with similar floorplans, interior quality, and vintage is achieving rents nearly double what The Adelade is currently charging.

Accessible to Key Employers and Demand Drivers

The Adelade is located in booming south Knoxville, .5 miles from Sevier Ave’s new extension of downtown Knoxville, with multiple new restaurants, retailers , and breweries , part of $700M major investment by the city to reshape Knoxville’s waterfront and 2 miles from downtown Knoxville. The Adelade is in close proximity to the largest science and energy national laboratory in the U.S. Department of Energy system along with being minutes from two new Amazon distribution centers bringing over 2000 jobs.

Accredited, Passive Investors Welcome

This offering is a SEC Reg D 506(c) and is open to accredited investors only. An accredited investor has either a net worth of $1 million, not including their primary residence, OR an annual income of $200,000 (or $300,000 if married) for the last two years and you have a reasonable expectation that it will continue.

Our Organizers

Vinney Chopra

Jon Roosen

REQUEST ACCESS TO THE EXCLUSIVE OFFERING MATERIAL

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This opportunity is only for those who are verified as accredited investors. Non-accredited investors will not be allowed to participate. Any offer is done only through a private placement memorandum, determination of suitability, independent verification, and subscription agreement. Please contact us to learn more about this opportunity.
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