Atlanta Multi-Family Equity I

Annualized return3

Target net annualized cash yield

~6%

Term

36 months

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Status

Closed

Recently funded

Accepting $15,000 - $500,000 investments

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Accepting $15,000 - $500,000 investments

Overview

Performance Update

View the most recent update for Atlanta Multi-Family Equity I.

Important Notes

Unrelated business taxable income (UBTI) is income earned by a tax-exempt entity that is not related to their exempt purpose. UBTI tends to be generated when a tax-exempt entity becomes an owner (in part or full) of a business (such as a limited partnership). LPs may generate taxable income in a retirement account if the partnership borrows money. As such, this offering is not available to pension plans, defined benefit plans, defined contribution plans, retirement plans, IRAs, 401(k) and 403(b) funds, and funds comprised of these plans and funds.

Highlights

Desirable location

Market dynamics

Quality asset

Experienced team

Given the increases seen in population and job growth in Atlanta, and in rents in Midtown Atlanta, Downtown Atlanta is becoming an attractive option for renters where they can save at ~$500 on monthly rent for a product similar to what is available in Midtown. Generation is one of the premier products in the entire Downtown submarket and benefits from its location with quick access to entertainment/dining options in Midtown and offices in Downtown. The trend of the convergence of Downtown and Midtown is expected to continue given transformative projects such as Centennial Yards, The Stitch, and continued job/population growth.
According to Costar, the more expensive Midtown gets, the more enticing it is for renters to consider Downtown as a viable option, boosting demand and rent growth prospects in the submarket in the mid to long term.
- Rent growth was 10.9% over the last twelve months and Costar projects average annual rent growth of 5.4% over the next three years.
- The current vacancy rate is 10.6% due to numerous projects currently in lease-up but stabilized vacancy (excluding projects in lease-up) is approximately 3%.
- Costar projects stabilized vacancy to remain flat over the next 5 years.
The Class-A property, a property that is one the highest quality buildings in its market and area, was completed in 2020, as such the amenity package is considered best-in-class with a luxury resort style rooftop pool and sundeck, an outdoor theater, a rooftop indoor/outdoor lounge, state-of-the-art fitness center, electric car charging station, etc.
Headquartered in Montreal, the sponsor, The Frankforter Group, was founded in 2012 and is led by Yaakov Frankforter. The firm has a focus on acquiring institutional grade multifamily and commercial real estate in Canada and the United States. Investments are in primary and secondary markets in the states of Florida, Georgia, Carolinas, Texas, Arizona, Virginia, Maryland, Tennessee, Nevada, and Alabama. The Frankforter Group’s current real estate holdings total $3.2B in total value and consist of over 8,000 multi-family units, a 3,584-bed healthcare portfolio, a 1,514-unit student housing portfolio, 3 hotels, and 2.5M SF of commercial space. \ \ The Frankforter Group has realized nine multi-family investments over its lifespan comprising 1,399 multifamily units which have generated an average gross IRR of 19% on invested capital. This is the second offering on Yieldstreet sponsored by the Frankforer Group. The first offering, Pompano Beach Multi-Family Equity, continues to perform in line with expectations.

Essentials

Please refer to the Investment Memorandum in the Documents section for more details about this offering.

Capital structure

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Cash flow

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Assets

What is the collateral underlying the transaction?

Returns & Management fees

Ann'l management fee

2.5%

Target ann'l net return

18 - 20%

Inv share in excess profits

100%

Target equity multiple

1.5x - 1.7x

Target ann'l cash yield

~6%

Schedule

Payment schedule

Quarterly + event based

First expected payment date

2Q 2022

Target term

36 months

Structure

Tax document

K-1

Offering structure

SPV

Expenses

Ann'l flat expense

0.25%

Docs

Content

This offering page describes only certain aspects of the offering ("Offering") of the securities issued by YS FFG REQ II LLC ("Issuer"). The Offering is made only by means of the Investment Memorandum relating to the Offering (the "Offering Document"). The information on this offering page is a summary of the Offering, does not purport to be complete and should not be considered a part of the Offering Document, or as incorporated in the Offering Document by reference or as forming the basis of the Offering. No person has been authorized to give any information or to make any representations other than those contained in the Offering Document or in any marketing or sales literature issued by the Issuer or YieldStreet Management, LLC, as adviser thereto, and referred to in the Offering Document, and, if given or made, such information or representations must not be relied upon. All investors must read the Offering Document in its entirety prior to investing in the securities.

Investing in private markets and alternatives, such as this offering, is speculative and involves a risk of loss, and those investors who cannot afford to lose their entire investment should not invest. Returns are not guaranteed.

¹ Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in significant losses.

² Represents an average net realized internal rate of return (IRR) with respect to all matured investments in your portfolio, utilizing the effective dates and amounts to and from the investments and net of management fees and all other expenses charged to the investments. Past performance is not a reliable indicator of future results and should not be relied upon as the basis for making an investment decision. All securities involve risk and may result in significant losses, including the loss of principal invested.[read more]

³ "Annual interest," "Annualized Return" or "Target Returns" represents a projected annual target rate of interest or annualized target return, and not returns or interest actually obtained by fund investors. “Term" represents the estimated term of the investment; the term of the fund is generally at the discretion of the fund’s manager, and may exceed the estimated term by a significant amount of time. Unless otherwise specified on the fund's offering page, target interest or returns are based on an analysis performed by Yieldstreet of the potential inflows and outflows related to the transactions in which the strategy or fund has engaged and/or is anticipated to engage in over the estimated term of the fund. There is no guarantee that targeted interest or returns will be realized or achieved or that an investment will be successful. Actual performance may deviate from these expectations materially, including due to market or economic factors, portfolio management decisions, modelling error, or other reasons.

⁴ Reflects the annualized distribution rate that is calculated by taking the most recent quarterly distribution approved by the Fund's Board of Directors and dividing it by prior quarter-end NAV and annualizing it. The Fund’s distribution may exceed its earnings. Therefore, a portion of the Fund’s distribution may be a return of the money you originally invested and represent a return of capital to you for tax purposes.

⁵ Represents the sum of the interest accrued in the statement period plus the interest paid in the statement period.

⁶ The internal rate of return ("IRR") represents an average net realized IRR with respect to all matured investments, excluding our Short Term Notes program, weighted by the investment size of each individual investment, made by private investment vehicles managed by YieldStreet Management, LLC from July 1, 2015 through and including July 18th, 2022, after deduction of management fees and all other expenses charged to investments.

⁷ Investors should carefully consider the investment objectives, risks, charges and expenses of the Yieldstreet Prism Fund before investing. The prospectus for the Yieldstreet Prism Fund contains this and other information about the Fund and can be obtained by emailing [email protected] or by referring to www.yieldstreetprismfund.com. The prospectus should be read carefully before investing in the Fund. Investments in the Fund are not bank deposits (and thus not insured by the FDIC or by any other federal governmental agency) and are not guaranteed by Yieldstreet or any other party.

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