HILLTOP VILLAGE APARTMENTS
Kansas City, Missouri |
The Property
Hilltop Village is a 124-unit, Class “B” multifamily rental community built in 1986. The complex consists of five two- and three-story buildings arranged around a central pool area. The property is located within the city limits of Kansas City, approximately 10 miles south-southeast of downtown, adjacent to a large mixed-use redevelopment project which is expected to revitalize the area. The property is in good condition and has
been well maintained. The purchase price is approximately 50% of replacement cost. |
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Paladin Advantage
Paladin REIT’s investment in this joint venture is structured as “preferred equity”. Paladin REIT will receive a priority return of 12.0% annually on its invested equity from available cash flow
and a priority return of its equity upon sale. This structure provides a higher current return and capital preservation protection to Paladin REIT while allowing for the opportunity to participate in asset appreciation. The joint venture partner is JTL Properties and is not affilated with Paladin REIT. |
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PALADIN REIT
Paladin Realty Income Properties, Inc. provides individual investors access to institutional real estate opportunities. Experience in multiple property types and geographic markets combine with expertise in a wide range of value-enhancement strategies and structures allow the REIT to preserve capital, provide current income and to create potential appreciation through real estate investments. |
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| Investment Date |
April 2008 |
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| Total Capitalization |
$5,300,000 |
| Debt |
4,250,000 |
| Equity |
1,050,000 |
| Paladin REIT Investment |
1,050,000 |
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