The Residences at Diamond Ridge

336-unit, value-add multifamily property near downtown Winston-Salem, NC

Analytics

Raised to Date: $299,000

Aggregate Commitments $
Platform

Republic

Start Date

01/28/2021

Close Date

04/30/2021

Min. Goal

$25,000

Max. Goal

$525,000

Min. Investment

$1,000

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Rolling Commitments $
Status

Active

Reporting Date

04/21/2021

Days Remaining

7

% of Min. Goal

1,196%

% of Max. Goal

57%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,602

# of Investors

78

Momentum
cool
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Location

Trenton, New Jersey

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

The Residences at Diamond Ridge, a multifamily property near Winston-Salem, NC, is raising funds on Republic. It is a 336-unit property with three playgrounds, a soccer field, a swimming pool, and a leasing office. The DeRosa Group plans to acquire and renovate the property. The current round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $525,000, and the proceeds will be used to acquire and renovate the property. The Residences at Diamond Ridge is expected to generate a fixed interest rate return of 8% for three years. The renovation is also expected to increase the rental by $200 per unit.
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