Multifamily Real Estate Investment Opportunity - Lake Mary (Orlando MSA), FL
LCI Development Partners is seeking a $9MM limited partner equity investment to construct a 70-unit boutique luxury multifamily project within walking distance to local grocers, restaurants, and other area amenities.
The project is located in the Orlando Florida MSA, within the affluent Lake Mary submarket. The location boasts household incomes exceeding $130,000 per year, daytime employment exceeding 26,000 within a two-mile radius, and a rapidly expanding medical center one mile north of the property. The location provides immediate access to I-4 for travel throughout the Orlando MSA.
- Sponsor is LCI Development Partners and local developer Wallace Development Partners
- Sponsor is contributing 10% of the equity requirement
- Seeking $9MM limited partner equity investment
- Construction Financing has already been secured to fund 57% of the total project costs, without recourse to the partnership
- Projected equity returns of 1.8X Equity Multiple and 25% IRR over a three-year investment period
- Capital closing in December 2023
Alexander West Capital is the Leopardo family office, serving 2 generations of family members located in Chicago. The family has been a business owning family for over 45 years. The operating companies owned or controlled by the Leopardo family strategically integrate real estate development, commercial construction, construction trades, and energy efficiency consulting. The companies include LCI Development Partners, a full-service real estate investment and development firm, Leopardo Companies, a Chicago-based commercial construction company, Grand Kahn, a Chicago based electrical contracting company, and Leopardo Energy, an energy services company. Each of the companies under the Leopardo Family umbrella pursue projects nationally.