257 West Main Avenue
Gastonia, NC 28052
704-861-1056
[email protected]
Strategy
MACC Venture Partners “MACC” is a private equity commercial real estate firm set to pursue capital preservation and
appreciation, as well as high returns and yields through a strategic acquisition process. MACC acquires and operates stabilized
assets in high growth markets and continuously manages for capital appreciation.
As a vertically integrated and value-add firm, MACC controls all aspects of operations relating to their investments including, asset
management, construction management, brokerage and collections.
“Boots on the Ground” execution with deep and granular understanding of the multifamily market.
Firm Specifics
Gastonia, NC
CRE
> $1 Billion
21 complexes
3,000 MF Units
Prop Type:
Multifamily
Typical Cap Raise $4M-$12M
Target:
Acquisition
Target Return: Opportunistic
YIB:
13 years
Focus:
Southeast markets
Contact:
John Azar
Email:
[email protected]
Phone:
704-861-1056
Website:
www.maccvp.com
Principal
Partners:
Location:
Business:
AUM:
PUM:
Strategic
Partners:
257 West Main Avenue
Gastonia, NC 28052
704-861-1056
[email protected]
Representative Transaction
Oakview Terrace
Value-add, Class B Multifamily
928 Lakecrest Ave, High Point, NC 27265
LP Equity of target asset to be acquired by sponsor by
03/16 @ 7% purchase cap.
Units: 130
Built: 1970
Purchase Price:
Total Cost:
Debt:
Equity:
$5.6M
$7.7M
$4.4M / FNMA / 10Y Am, 1Y IO
$2.1M
Target:
22% IRR
12.5% Yr One COC
48 month term
Renovated: 2006
Deal Highlights
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Only townhome rental community in High Point
Above market occupancy @ > 97%
Sponsor expertise; in-house management
Class “B” property with significant value-add opportunity through
additional amenity offerings and unit interior upgrades
Acquisition Targets
•
•
•
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A, B & C class multi-family properties in primary, secondary and tertiary markets across the Southeast
Late 70’s or newer construction
Urban areas near major transportation arteries and low crime rates
High intrinsic value due to targeted markets and sub-markets with substantial population & employment growth
Firm Leadership
John Azar, EVP
 Extensive real estate experience including investment management and commercial banking and lending
 Co-founder of Boston Venture Partners – accumulated a portfolio of $1.8B
 BA from UNCC/MBA from Boston University – Questrom School of Business
Tony Azar, MD
 Formed MACC Properties in 2003
 Focus on acquisitions, repositioning, and management of all real estate holdings and projects
 BS in Electrical Engineering from UNCC
This Executive Summary is for informational purposes only and is not an offer to sell nor a solicitation to buy any securities. Securities will only be offered through confidential offering
materials delivered to suitable, accredited investors. These offering materials will contain information regarding risk factors, conflicts of interest, material investment considerations
and other important information about such offering. Neither the Securities and Exchange Commission nor any state securities regulatory authority has passed on or endorsed the
merits of such offering. Any representation to the contrary is unlawful. MACC Venture Partners, LLC, is providing the information contained in this summary “as is,” without warranty
of any kind. Certain information contained in this Executive Summary may contain forward-looking statements, which are subject to risks and uncertainties and speak only as of the
date on which they are made. Furthermore, past performance is not indicative of future results, and MACC Venture Partners, LLC, is not making any representation that any
investment will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.