Asset Overview

  • 41 Unit Multifamily Community

  • Richmond, Virginia

  • Value Add
  • Core Plus

Asset Details

In August 2022, CalTier Fund 1 invested in the Marshall Park Townhomes, a 41-unit multi-family community consisting of 39 four-bedroom townhomes and 2 apartment units.

Marshall Park is one of the four multi-family assets that make up our investment in the Richmond Virginia (RVA) portfolio.

Marshall Park is also one of the only for-rent townhomes communities in Richmond, Virginia and each unit can be sold off individually upon exit, which provides the property with additional upside, being able to unlock the for-sale value of each townhome.

In just one quarter since closing, the RVA Portfolio, including Marshall Park, was able to produce a net operating income (NOI) of 10.8% above the underwritten budget due to above budget rents, physical occupancy, and economic occupancy. Because of this, RVA has already produced a 2.74% return on the initial investment in just 4 months.

View Our Other Investments

“Everyone should have access to the best commercial real estate investments. Not just the 1%.”

CalTier CEO & Founder
Matt Belcher

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