LAND BANK LOFTS

*For Accredited Investors* 

WHAT WE LOVE 

ABOUT THE PROPERTY

 

Great Location in the Heart of Columbia’s Business & Entertainment District

Truly Emerging Market

Historic Charm, Modern Aesthetic, Iconic Elegance

Stellar Amenities

Impressive Performance

Adjacency to Major Employers

Well-Maintained Property 

Room For Value-Add Growth 

OFFERING

DETAILS

$17,450,000 Purchasing Price

$5,752,732 Equity Raise

$50,000 Minimum Investment 

99% Occupancy 

7 Year Hold Period 

PROJECTED 

INVESTOR RETURNS

AAR: 19 - 25%

IRR: 15 - 18% 

Equity Multiple: 2.3x - 2.7x

AVG Cash on Cash: 7.2%

SEE MORE OF LAND BANK

Located in downtown Columbia, SC, Land Bank Lofts consists of 113 units on 2.2 acres with 145 surface parking spots in the heart of South Carolina’s capital city.  Built in 1923 with an addition in 1935, the asset originally known as the Federal Land Bank Building was completely renovated utilizing historic tax credits in 2016.   Built of reinforced concrete block with limestone details and marble columns, Land Bank Lofts is primed for value add enhancements that will allow for immediate rent growth and strengthen its position as one the premier downtown residences in Columbia.

Land Bank Lofts has a desirable unit mix of studios, one bedroom, and two bedroom floor plans.  Each unit features open floor plans with high ceilings, stainless steel appliances, quartz countertops, and a stackable washer and dryer in every unit.  Common area amenities include a pool, business center, 24 hour secure entry, and on-site surface parking for every unit which is rare amongst the competitive set.  

MEET OUR TEAM

Dr. Julius Oni

CEO & Co-Founder (Investor Relations)

Leslie Awasom

Co-Founder & Director of Operations

Tenny Tolofari

Co-Founder & Director of Acquisitions

Please note: this opportunity is for accredited investors only. 

If you are interested in this deal, please fill out our soft commit form to begin the verification process. 

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