Preston Preserves

The asset is a 380-unit property that was built in 1985. HOP is located in the highly prestigious submarket of Plano, TX. Plano is within the highest job growth corridor in the DFW Metroplex and hassome of the most desirable school districts in the state and nation. The average household income within a 1-mile radius is $98,700 with an average home value of $373,500.

Plano has been the epicenter of job growth in the DFW market as it has been the hub for corporate relocations. Some companies that have recently relocated or expanded in Plano include Toyota, Liberty Mutual, JP Morgan Chase, State Farm, Raytheon, Fannie Mae, Pizza Hut, Boeing, Altice USA, Creston Electronics, NTT Data, and WeWork. In 2017 and 2018, Forbes named Dallas-Plano-Irving as the #1 BestCity for Jobs. With all of the new and growing employers to the area, demand for housing has soared.Plano’s population growth is expected to increase 14.1% over the next five years compared to the national average of 3.9% over the same time period.

HOP is located right off of Preston Road, which is a main North/South corridor through Plano providing great access through the market and direct access to President George Bush Turnpike. Additionally, WholeFoods, Trader Joe’s, Walmart Neighborhood Market, and high-end shopping are all located within 1- mile of the property.

HOP is an extremely well-maintained property yet offers the opportunity to renovate and upgrade all 380units. The business plan is to renovate all of the units to a high-end level to be more competitive withproperties that have already gone through similar renovations in the same submarket.​​​​​​​

Las Palmas

Las Palmas is a brand new, institutional grade, Class A asset located in Fort Myers, Florida. The property includes garden style apartments as well as town homes with attached two-car garages with driveway and spacious patios. Each unit features modern amenities and finishes that you would expect in a brand new property. Twenty-two percent of the units include den/home office space, perfect for the work from home lifestyle.

The property is situated in beautiful Fort Myers, less than two miles from the Gulf Coast Town Center – a 1.2 million SF Target-anchored power center that includes national retailers such as Bass Pro Shops, Ross, and HomeGoods. Las Palmas also has exceptional connectivity to Interstate-75 with direct visibility from Alico Road and proximate access to Ben Hill Griffin Parkway and U.S. Highway 41. The surrounding affluent community has average home values of $850.000+.

 

Diversification Fund I​​​​​​​

The diversification fund is a portfolio of 18 self-storage facilities totaling 742,285 square feet with locations in the greater Dallas-Fort Worth Metroplex (DFW) and east

Texas. Spartan Investment Group will be the operator for this portfolio.

In addition to self-storage, this portfolio also includes 45,000 square feet of warehouses, 534 parking units, and 3,200 square feet of office space.

This offering consists of a value-add portfolio with scale and significant upside through expanding sites, implementing revenue management, rate increases, and added management efficiencies. The properties are strategically situated throughout Dallas-Fort Worth and east Texas.

Over 1.3 million people have moved to DFW over the past 10 years, fueling demand for storage. Texas, and specifically DFW, have seen extraordinarily high volumes of new population growth due in part to the suburbanization trends that have been playing out all across the country.

The Goodegg Diversification Fund I gives you the opportunity to diversify your portfolio into stabilized assets across a high-growth market with significant upside potential.

 

Hawthorne at Lake Norman

The asset is a 232-unit surface parked garden community completed in 2014. Surrounded by lush, mature landscaping and North Carolina’s largest man-made lake, Lake Norman, the property benefits from impressive resident demographics and strong operational metrics.

The property differentiates itself from the submarket with 104 direct access garages (currently trailing market comps by $60/month), the lowest density of any 2010+ built asset in Mooresville with 11.59 units per acre, and spacious floorplans exceeding 1,050 SF. The majority two-story “big house” designed product, coupled with the aforementioned differentiators creates a feeling of luxury single-family residential living for residents. The property is located 5-minutes away from Lowe’s Companies, Inc. (NYSE: LOW) global headquarters (4,400+ employees) with the newly delivered I-77 Express Lanes which have greatly increased transportation efficiencies. With estimates of continued population growth of more than 24,000 people moving to Mooresville by 2040, coupled with increased access off Exit 33 and value-add potential, we have the opportunity to capitalize on an irreplaceable asset in one of Charlotte’s fastest growing suburbs.