North Shore Boston Multi-Family Equity

Annualized return3

Target net annualized cash yield



48 months

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Recently funded

Accepting $5,000 - $1,000,000 investments

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Accepting $5,000 - $1,000,000 investments


Important Notes

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.


Desirable location
Market dynamics
Quality asset
Experienced team
  • The modern developments along Revere Beach represent the high end of the submarket developments and combine easy accessibility to downtown Boston (25 minutes) with relative affordability and oceanside lifestyle/views. Rents for 1-bedroom units on Revere Beach can be ~$1,000 cheaper than comparable quality options in downtown Boston. The current and planned developments, including the 10.5 million square foot, mixed-use redevelopment of the Suffolk Downs racetrack, are creating an attractive living ecosystem for residents in the area and are poised to serve as additional demand drivers in the long run. According to the Boston Planning and Development Agency, Suffolk Downs is one of the largest development projects in the United States and is expected to create up to 30,000 full-time jobs when complete.

  • Costar reports that the submarket has been a prime target for development in the past decade, with inventory increasing by over 50% over this time, which is supported by the highest absorption of any submarket in the Boston area as renters seek affordability and quality of life. Submarket vacancy currently stands at 10.5% as new deliveries are being leased up and is expected to fall to 5% by 2023. Rent growth is projected to be 8% in 2022, averaging 5% per year over the next 4 years. The property is located on Revere Beach, which is a focal point of the submarket and where comparable properties have occupancies greater than 90%.

  • Eliot on the Ocean has unobstructed beach frontage and is in close proximity to the Wonderland T-stop, which provides direct access to downtown Boston. The property consists of 194 market-rate residential units with 219 parking spaces. Units feature in-unit washer/dryer, granite countertops, hardwood floors and island kitchen benches. Building amenities include an electronic doorman, outdoor deck, lounge, co-working space and fitness center. \ \ The property’s project basis of $450k/unit and the projected sale price of $557k/unit compare favorably with comparable sales and construction costs on Revere Beach. A 2019-built property in close proximity to the subject sold for $518k/unit in October 2021.

  • The sponsor, Invictus Real Estate Partners, is a New York-based, real estate PE firm founded in March 2020 by Eric Scheffler and Christopher Pardo. As of 5/31/21, Invictus has closed 8 transactions with total equity investment of $125M. Prior to Invictus, Eric was a director at the CMBS group of Bear Stearns, GC and MD at Madison Realty Capital where he worked on loan workouts, including foreclosures, on over 150 deals. Most recently, Eric was the principal and GC at Glacier Global Partners, a real estate PE firm. \ \ In addition to the experience of Invictus and its founders, the sponsor has also retained Greystar as property manager. Greystar is the largest property manager in the United States, managing approximately 415k units across the nation.


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

Capital structure

Where does Yieldstreet lie in terms of priority?

Cash flow

How do I get paid?


What is the asset underlying the transaction?

Returns & Management fees

Ann'l management fee


Target ann'l net return

14% - 16%

Inv share in excess profits


Target equity multiple

1.6x - 1.8x

Target ann'l net cash yield



Payment schedule

Quarterly + event based


Target term

48 months


Tax document


Offering structure



Ann'l flat expense




This offering page describes only certain aspects of the offering ("Offering") of the securities issued by YS IVC REQ II LLC. 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.