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Please note that the Securities and Exchange Commission has cautioned investors about unsolicited "mini-tender" offers for investment shares below market value. To learn more, investors may visit the SEC's site devoted to this topic at www.sec.gov/
investor/pubs/
minitend.htm. |
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Stone Ridge Apartments
Columbia, South Carolina |
The Property
Stone Ridge Apartments is a 191-unit community built
circa 1975. Stone Ridge offers affordable, workforce
housing, which offers a quiet residential setting with
easy access to employment centers in Columbia’s
central business district and western suburbs. |
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Paladin Advantage
This investment represented an opportunistic purchase
of a distressed property through a lender's foreclosure
sale. Paladin REIT and its joint venture partner acquired
Stone Ridge at a substantial discount to the property's
2008 valuation. The joint venture intends to address
deferred maintenance items and upgrade apartment
interiors and landscaping. The recapitalization of Stone
Ridge is expected to enable it to compete effectively in
its submarket with the potential to generate increased
cash flows.
Paladin REIT's investment is structured as preferred
equity. Paladin REIT will receive a priority return of
12.0% annually from property cash flow and a priority
return of its equity plus a 15% internal rate of return
(IRR) upon sale. This structure provides Paladin REIT
with attractive current and total returns, as well as,
protection of capital. |
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PALADIN REIT
Paladin REIT provides individual investors access to institutional real
estate opportunities. We have experience in multiple property types
and geographic markets and expertise in a wide range of valueenhancement
strategies and structures. Our investment objectives are
to protect capital, pay a stable distribution, participate in potential
real estate asset appreciation upon the ultimate sale of our properties
and provide liquidity to our investors beginning in February 2015. |
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| Investment Date |
March 2011 |
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| Total Capitalization |
$6,200,000 |
| Debt |
3,500,000 |
| Equity |
2,700,000 |
| Paladin REIT Initial Investment |
1,350,000 |
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