Current Opportunity

New Development Investment Fund

Jaxen 58: The Opportunity

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Timberland Partners has developed the Jaxen platform in response to an acute need in the U.S. housing stock – namely, quality suburban middle-income rental housing. Since The Great Recession, a surplus of rental housing has been delivered to the higher end of the rental market… READ MORE +

8% Preferred Return

80%/20% Thereafter

Why Now?
Why Chattanooga?

Market will have time to absorb current supply as minimal supply is anticipated to be added to the market over the next couple of years. When Jaxen 58 is delivered, we anticipate healthy demand in a market that has absorbed existing product.

Interest Rates &
Construction Loan

We do not anticipate drawing from the construction loan for approximately 12 months. The construction loan interest rate will float above the Secured Overnight Financing Rate (SOFR) index, and at the time of the initial draw we anticipate rates to be lower than they are today.

Sponsor Equity
Contribution

Principals will be contributing $9,075,000 or 23.9% of the equity required, which emphasizes our commitment to this ground-up development in the Chattanooga market.

Tax and Other
Benefits

Multifamily real estate offers a variety of tax benefits to investors, including depreciation expense, and new construction typically offers higher depreciation deductions than purchasing an existing property.

Investment highlights

Primed to deliver long-term
wealth generation.

Opportunity to own new, garden-style product in a growing market with attractive, +8% 10-year average cash-on-cash returns (includes construction period)
Fully permitted, shovel-ready development of a 311-unit apartment project in Chattanooga, TN
Thoughtfully designed project with first-class amenities conservatively
underwritten, including rents at or below market
Less than two miles from the growing Enterprise South Industrial Park – home to over 9,000 jobs and the $800 million expansion to the Volkswagen EV manufacturing facility
Local scale creates operational efficiencies – Jaxen 58 will become Timberland Partners’ third property owned and managed in
Chattanooga and 14th in Tennessee

FUND OUTLOOK

Performance projections that provide confidence.

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Return on Investment Comparison

JAXEN 58