Watercolors of Centerton – Why This Should Be Your Next Passive Investment – Elevate CIG

Watercolors of Centerton – Why This Should Be Your Next Passive Investment

It should now be crystal clear that doing nothing and keeping your money in a savings account is the worst thing you could do for your hard-earned and hard-won wealth right now.

We’re facing some brutal inflation – inflation that’s at the highest rates we’ve seen in 40+ years, and there’s no sign that it will slow down anytime soon.

While many think of inflation as a bad thing, some level of inflation is healthy and keeps the economy strong. A stable economy needs a stable level of inflation; but when inflation gets too high or too low – that’s when there are problems.

When inflation is high (as we’re seeing now) and wages can’t keep up with the rate of inflation, purchasing power for those wages decreases. This can lead to a rise in labor costs (as workers ask for raises to try to keep up with inflation), which results in lower profits for businesses.

High inflation can also lead to higher interest rates, as the Federal Reserve raises rates to try to cool the rate of inflation – and this is exactly what we’re seeing now.

What that means for you is that you need to figure out a way to outpace inflation, or at a minimum to keep up with inflation, or else risk losing value in your overall wealth.

Why Real Estate?

You know what they say – success leaves clues. So when you want to find financial success, you look to those who have built and maintained wealth through multiple downturns.

And when you do that, you see that the wealthiest 1% of the population have been investing in real estate for generations.

In fact, 90% of all millionaires became so through owning real estate.

Thankfully, through the power of real estate syndications (group investments), you can invest passively and reap all the benefits of owning real estate – including:

  1. cash flow

  2. equity

  3. appreciation

  4. tax benefits

without the time commitments of being a landlord.

Not a bad deal right?

Your Team – Elevate Commercial Investment Group

Elevate Commercial Investment Group, based in Dallas, Tx, is a multifamily investment firm with over $400M in assets under management. We focus on capital preservation while striving to deliver strong, risk-adjusted returns to our investors.

We provide busy professionals the opportunity to invest in real estate without the hassle of having to analyze properties, manage tenants, or deal with any repairs.

Elevate CIG specializes in value-add multifamily real estate and exhibits an expertise in maximizing value on every asset we acquire. Rather than attempting to predict the market cycles, we strive to acquire cash flowing apartment communities within large, well-located U.S. metros.

Watercolors of Centerton – First Glance

Elevate Commercial Investment Group has secured Watercolors of Centerton, a 376-unit community, in Centerton, Arkansas.

Phase 1 (232 units) was built in 2018 and Phase 3 (144 units) is set be completed in Spring 2023.

Over the past decade, Northwest Arkansas has emerged as one of the country’s most dynamic economic regions.

Commonly dubbed “Vendorville”, Walmart, Proctor and Gamble, Dr. Pepper Snapple Group, Kellogg’s, and Hershey’s are just a few of the major retailers that have a presence in this region.

Watercolors is a luxury community, that provides residents with a host of upscale amenities which include a year round golf simulator, a swimming pool, fitness center, business center, and more!

Make a soft commitment here:

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Why North West Arkansas?

Centerton is located 3 hours NW from Little Rock.

The region’s population has seen a dramatic increase over the past decade, growing by 20% since 2010.

In recent years, the region has seen a swelling population of tech-workers as Walmart battles it out with Amazon in the online retailing space.

Over the past decade, Northwest Arkansas has emerged as one of the country’s most dynamic economic regions.

Northwest Arkansas was the 13th fastest-growing metro area in the United States between 2010 and 2019 and the 24th fastest growing metro from 2018 to 2019.

according to the U.S. Census Bureau.

The average Northwest Arkansas Home price is up to nearly 400 thousand dollars, up 26.8% from the first half of last year.

according to the new ARVEST Skyline Report.

The Rental Market

Okay, that’s good and all, but why buy apartments in this market?

The rental market is exploding here!

CBER Director Mervin Jebaraj said the 2.3% vacancy rate for apartments is so low as to be “functionally zero.”

Multiple apartment complexes in Northwest Arkansas have waiting lists, and the vacancy rates for the most popular units are 0.8% for one-bedroom and 1% for two-bedrooms apartments.

According to the new Skyline Report, the average home sales price in Northwest Arkansas rose by 26.8% in the first half of 2022 from the same period last year. Over the same period, the multifamily vacancy rate fell to 2.3%, from 3.4%.

As home prices skyrocket, more people will be motivated to become renters.

Asking Rent Prices:

With the population steadily increasing, and the booming job market in this region, rents will only continue to increase.

More Good News About the Area

Walmart’s new “Apple Like” Headquarters

Located only 7 minutes from Watercolors of Centerton, Walmart’s new Bentonville, Arkansas, HQ Campus will open its door to employees in phases throughout 2025, and the company is using the new 350-acre dig as a way to entice its employees back to work.

Its dangling a giant fitness center – equipped with a nearby childcare facility, three pools and a mediation garden. The Walton Family Whole Health & Fitness center and childcare facility will open in late 2023.

It will include 12 office buildings, amenity buildings, parking decks, and surface lots. The campus can accommodate between 18,000 and 19,000 people.

Make a soft commitment here:

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Why We Love This Deal

  1. Off Market Purchase: Our Team has secured Watercolors of Centerton off-market and direct-to-developer. By doing this, our purchase price is substantially below current market pricing.
  2. Path of Progress: Three Fortune 500 corporate headquarters within a ten-mile radius: Walmart, Tyson Foods, and J.B. Hunt Transport. $229,213 average household income and 80.1% white-collar workforce within a one-mile radius
  3. Immediate Growth Potential: Watercolors of Centerton has in-place rents $200 – $400 below nearby competitors. We have the ability to add smart features and additional amenities.
  4. Low Risk Debt: Phases 1 & 2 will be purchased with a fixed interest rate of 3.49%, along with 24 months of interest only. Phase 3 will be purchased with bridge to agency.

Bentonville Ranked No. 14 for “Country’s Newest Tech Hubs”.

by LinkedIn.

Wrapping It Up

We are really excited to purchase this Class A asset in an exploding market!

By purchasing 376 units, directly from the developer, we instantly benefit from economies of scale and will have a great presence in this market.

Elevate Commercial Investment Group, has executed on this strategy before. We currently have several Class A assets in our portfolio that were purchased directly from the developer.

We love this strategy.

The current developer has focused on occupancy rather than increasing rents up to current market rates. As the next owners, we will have the opportunity to raise rents $200 – $400 above in place numbers, add smart features to the units, improve the amenities, and more!

Returns you will not see in the stock market…

Next Steps

Want to create generational wealth for your family? Ready to make a soft commitment?

Please sign up to our investor portal system to view more information about this amazing opportunity, including the investment summary and webinar date.

This will be a Regulation D, 506C opportunity and open to accredited investors only.

Make a soft commitment here:

VIEW INVESTOR PORTAL

We look forward to partnering with you!

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