Grubb SE Real Estate Fund V, LLC
The objective of the Fund is to create a balanced portfolio of long-term real estate investments that upon stabilization, will provide predictable cash flow with tax benefits and appreciation potential. The Fund will seek to achieve this objective by investing in properties in the Southeastern United States. The Fund will target the acquisition of well-located assets with correctable deficiencies in the property’s physical condition, market position, and/or property management. The Fund will also selectively target urban-infill development opportunities where there is a compelling risk-adjusted return in a submarket that is supply constrained. Grubb Properties will seek to create value for the Fund by implementing a custom, multi-phase plan for each asset, focused on upgrading or constructing a high quality physical property and amenities, utilizing sustainable features to reduce operating costs and energy consumption, executing on a tenanting strategy to achieve strong and stable rental income and securing appropriate financing to mitigate interest rate and term risk.
Lincoln at Belle Grove – Acquired Property.
Link Apartments West End – Broke ground in March 2015 with the first units estimated to be turned over in late spring/early summer 2016.
Hunter’s Bluff Apartments – Acquired property.
The Park at Perimeter Center East – Under contract and expected to close at the end of July 2015.
500 West 5th Street – Under contract.