Park 375 Industrial - Phase III
Status
Closed Phase III of Provident's neighboring projects, the development of a Class-A industrial site in the El Paso-Juarez Borderplex, the 2nd most vital trade point along the U.S.-Mexico border.
Location
El Paso, TX
Investment Strategy
Opportunistic
Property Type
Industrial
Open To
Accredited Investors
Closed Date
Jul 2023
Investment Strategies
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Sponsor Details
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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Investor Equity
$8,442,819
19.0%
Sponsor Equity
$444,359
1.0%
Preferred Equity
$8,887,178
20.0%
Senior Debt
$26,661,534
60.0%
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Total
$44,435,890
100%
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