KEX Social Hostel
Status
Closed The adaptive reuse of a historic property into a social hostel, with a highly-rated restaurant operator, in the Portland MSA.
Location
Portland, OR
Investment Strategy
Opportunistic
Property Type
Hotel / Hospitality
Open To
Accredited Investors
Closed Date
May 2018
Investment Strategies
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Sponsor Details
Other Offerings by Green Light Development
Sponsor Designation
CrowdStreet categorizes sponsors based on their experience and track record so our investors can get a sense of the firm behind the deal.
Enterprise
FIRM AGE15+ YEARS
LEADERSHIP EXPERIENCE30+ YEARS
PORTFOLIO VALUE$5 B +
National Platform
Ranked in the top 250 for estimated value of total holdings per Real Capital Analytics
Tenured
FIRM AGE10+ YEARS
LEADERSHIP EXPERIENCE20+ YEARS
PORTFOLIO VALUE$500 MM +
Leadership has invested together over multiple cycles
Dedicated investor relations and accounting staff
Seasoned
FIRM AGE5+ YEARS
LEADERSHIP EXPERIENCE10+ YEARS
PORTFOLIO VALUE$100 MM +
Network of repeat investors
Established banking relationships
Affiliations with national industry associations ULI, NAOIP, CCIM, SIOR or IREM
Emerging
FIRM AGE< 5 YEARS
LEADERSHIP EXPERIENCE2-5 YEARS
PORTFOLIO VALUE< $100 MM +
Strong leadership experience
Experience in the proposed asset class and geographic market
Experience in managing individual investors
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Equity
$6,383,700
53.7%
Sponsor Equity
$1,000,000
8.4%
Pace Loan
$3,000,000
25.2%
Seller Loan
$1,500,000
12.6%
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Total
$11,883,700
100%
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On the CrowdStreet platform, offerings are treated pari-passu. |
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