Financing Amount:
Acquisition and development
Capital Source:
Institutional Private Equity
Transaction Details:

Tower Capital and Affiliates were successful in introducing its client, Suncrest REALOP, to an institutional private equity group which resulted in $12,400,000 in joint venture equity financing for the acquisition and development of a 245-acre parcel in Gastonia, NC.  The parcel is vacant and unimproved land that is currently zoned for +/-760 single family and townhome lots.  The community will feature a 2,500 square foot clubhouse, a junior Olympic pool, splash pool and sport courts with a trail system that will connect through to adjacent properties.

Suncrest is a residential master developer and investment manager with the expertise, experience and market reach to source exclusive and strategic real estate development opportunities in select markets throughout the United States, while providing custom tailored, high yielding investments to investors.

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