Attached is the follow up information from Arete Representative Greg Banner who spoke on the Touchstone MF Fund. This is a short-term real estate entitlement investment expected to have a client liquidity event in the summer of 2018 with a projected return in the low 20% range after fees for the 7-9 months remaining. The entitlements are 3/4 complete and the project is moving forward as planned. There is about $1M remaining of the $4.1M raise. The investment has a 6% load with 4% paid in commission to reps and a 2% due diligence fee to Arete. To be clear this investment is for the entitlement phase of the project only with the developer expected to take out the investors. Investors will not be part of the longer term construction phase as part of this deal.
Greg and the developer are available to talk to you or your clients more about the project.
You can view the Touchstone presentation here or visit Touchstone Communities website here.
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