Offering Summary
PSW Land Investments, LLC (“the Fund”) objective is to acquire strategic land positions in Austin, Dallas, Denver and Seattle to fuel the company’s growth while providing LP investors with a stable 10% preferred return and well-defined exit strategy.
To that end, the Fund has raised $17,492,000 to date ($7.6MM from limited partners and $9.9MM from StoryBuilt) and invested in five highly desirable urban infill sites with estimated gross revenue in excess of $200MM. StoryBuilt’s own investment of $9.9MM in the Fund is a strong testament to the company’s belief in the long-term value of these assets.
Investment Terms
- Up to 10,000 Class A units at $5,000 per unit
- Minimum 10 units ($50,000) per investor
- Company may acquire property for one year after admission date of first Class A member
- Preferred Return – 10% per year
Net Cash Flow Distribution
Net proceeds from sale of property to be distributed in the following order:
- Repayment of any loans from members
- Payment of accrued but unpaid pref from prior property sales;
- Repayment of contributions plus pref allocable to the purchase of that property;
- Repayment of PSW Real Estate for amount contributed to purchase of property;
- Remainder is retained by the company.
