The Moulin
A unique Build-to-Rent investment opportunity maximizing the returns on your investment while minimizing capital gains.
Investment Opportunity
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Proposed 241 unit Build-to-Rent project. Land is purchased with entitlements - No investor money was used to entitle (reduced risk)
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Engineering and environmental
approvals are 90% complete
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Horizontal construction scheduled to
begin October 2024
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Construction completed by December
2025 and stabilized by April 2026.
Investment Highlights
LP IRR: 20.3.-23%
Project approved for zoning and entitlements - only engineering and environmental studies outstanding
Hold Period: 4 years
Equity Multiple: 2.07-2.26x
Untrended Yield On
Cost: 7.03%
Horizontal Buildout Contingency Reserve: 5%
Rent and Expense Growth: 3%
Replacement Reserves: $300
/ unit / year
Bonus Depreciation
Exit Rate Cap: 80 bps above current market cap rate
The Story Behind the Opportunity
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Affordability
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Diverse employment base
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Strong economics
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Regional health care, transportation, education, retail, and technology hub
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20 min from downtown Lafayette
Facts about Lafayette, LA
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The Lafayette region has seen a steady growth in economic activity over the past two years with 1.96% growth in non-farm industries YOY in 2022. Additionally, unemployment remains low in the area with increasing demand for skilled labor in the market.
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Between 2010 and 2022, total households have nearly doubled in the region with a projected increase of nearly 1% by 2027
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Cost of living much lower on average as compared to national
Gallery
How to Invest
No matter where you are in your investment path, we’re here to help. If you're ready to find out more information about The Charleston, feel free to register your soft commit.
Economic Development
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The Moulin is located 10 minutes east of new hot spot Youngsville
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Youngsville has the highest median income ($95,395) in Lafayette Parish
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The population of Youngsville grew 299% from 2000 - 2020, making it the fastest growing municipality in Louisiana
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The $15.7M Youngsville Sports Complex was built in 2014. In July 2021, the complex held five youth world series baseball tournaments with a $5.4M+ economic impact for Youngsville.
