Description
Diego Ojeda, President of Rilea Group, Florida, describes the Mohawk at Wynwood, 12 story, 211,477 leasable sf, 225 residential unit building with retail and WFH office:
Asset Class: Class A, ground-up residential & mixed use
Investment type: Equity
Total estimated project cost: $103.4 million
Total equity required: $41.4 million
Projected IRR: 20.26%
Projected Equity Multiple: 2.43x
Projected stabilized cash-on-cash: 9.89%
Target hold period: 5 years
Opportunity close date: June 2, 2021
Today’s podcast is with Irwin Boris, head of acquisitions and investor relations at Heritage Capital Group, a 3rd generation family office with over $750MM in assets under management, whose Number 1 investment priority is Don’t Lose Money!
Irwin does not believe in basing investment decisions on...
Published 04/16/24
My podcast guest today is New York City's top investment sales broker, Bob Knakal, a gentleman and scholar, who has sold 2,276 buildings in the city with value of over $21 billion, the most ever for an individual broker in the city’s history and guess what, as soon as we started talking I knew...
Published 04/09/24