Type: rESIDENTIAL

Status: under contract

Principals of BoxDevCo are under contract for the remaining __ acres of land in the New Longview community; the final phases of the amenity-driven, historically charming, undeniably unique New Longview residential subdivision.

Following stabilization of the asset, an out-of-town investor with a 1031 requirement approached the ownership group and submitted an offer to purchase the property.

SALES AND LEASING

For sale and leasing opportunities, please contact Russell at NAI Heartland (russell@nai-heartland.com, 913-890-2015). 

INVESTMENT

Capital for certain portions of the project is provided by private investment vehicles managed by Box Real Estate.  For investment inquiries please contact rpearson@boxdevco.com.

Cap rate at acquisition:  Approximately —%

Cap rate at disposition:  Approximately —%

IRR Before Tax:  Approximately —%

Equity Multiple:  Approximately —x (over 12 months)