EX1A-13 TST WTRS.1 7 capview_ex131.htm CAPVIEW RESIDENTIAL INCOME capview_ex131.htm

  EXHIBIT 13.1

 

 

No money or other consideration is being solicited for our Regulation A+ offering at this time, and any money or consideration sent in response to this summary of terms will not be accepted. No offer to buy securities in this Regulation A+ offering can be accepted, and no part of the purchase price can be received until Capview Residential Income -- Fund VII, LP's offering statement is qualified with the Securities and Exchange Commission. Any such offer to buy securities may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. Any indications of interest in our offering involve no obligation or commitment of any kind. 

 

Capview Residential Income - Fund VII, LP

Summary of Terms of Equity Investment in Real Estate Limited Partnership

 

Name

Capview Residential Income - Fund VII, LP (“CRI7” or the “Fund”)

Management – General Partner

CRI VII GP, LLC (the “GP”), an affiliate of Capview Partners, LLC

Type of Fund

Closed-End Limited Partnership

Investment Class

Alternative

Asset Class

Real Estate

Segment

Single-Family Rental (“SFR”)

Fund Category

Core

Investment Objective

To generate predictable cash flow distributions with rental income from a geographically diversified portfolio of single-family rental properties pre-leased under a long-term master lease (the “SFR Properties”).

 

The Fund will hold the SFR Properties through the Fund’s duration.  At the exit, seek the best price for the SFR Properties either through individual sale through the real estate market, a portfolio sale to a REIT or Delaware Statutory Trust (DST) sponsor, or a securitized product offered through an affiliate of the GP.

Master Lease

Capview Exchange Residential, LLC (“CXR”), an affiliate of the GP, leases the SFR Properties under a 15-year master lease. Under the master lease, CXR will continue to provide rental payments to the Fund regardless of whether the SFR Properties are occupied by subtenants. CXR will pay for all fixed property costs and continue making rental payments during any periods of vacancy. Such fixed property costs include but are not limited to property taxes, insurance and maintenance, and tenant improvements to the property. To cover these costs, CXR holds reserves based on extensive historical data and supported by a third-party actuarial study.

Leverage

65%-70% loan-to-value

Duration

Estimated 3-year to 5-year hold period

Offering Period

One year with a one-year extension

Unit Type

Limited partnership interest (“Units”)

Units Offered

50,000 Units

Unit Price

$1,000 per Unit

Minimum Investment

$25,000 (25 Units)

Offering Size

$50,000,000

Use of Proceeds

To acquire SFR properties

NAV Calculation

Not applicable

Targeted Cash Yield

5.75% cash yield, increasing ~2.2% per year, paid quarterly

Promote

20% to GP over a 6.0% IRR

Acquisition Fee

4.0% of purchase price of SFR Properties

Asset Management Fee

No asset management fees

Disposition Fee

1.5% of disposition price

 

 

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Investor Suitability

This investment is best suited for investors seeking an attr-active risk-adjusted cash yield that is stable and predictable over a medium to long investment horizon.

Target Investors’ Profile

High net worth, accredited investors, non-accredited investors subject to investment limitations

Legal Advisors

Hallett & Perrin PC

Tax Advisor

Ernst & Young LLP

  

Disclaimer

 

This is neither an offer to sell nor a solicitation of an offer to buy a security; such an offering is made only by the confidential private offering memorandum. This material has been prepared for informational purposes only. It should not be relied upon for any other purpose. The forward-looking statements contained in this material are based on our current beliefs, assumptions and expectations, taking into account information that we reasonably believe to be reliable. There can be no assurances that such statements will be accurate or achieved. Our actual results, performance or achievements could differ materially from the results, performance and achievements expressed or implied by such forward-looking statements.  Property owners should perform their own investigations before considering a master lease program as set forth in this material and consult with their own legal and tax advisors.

 

 

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