LaCrosse Estates Apartments

Class B Assets

 

 

 

 

 

 

Offering Details

Property Type
Multifamily

Target Raise
$5.2M

Investment Type
Equity

Projected IRR at Ten Years Holding
19.58%

Projected Equity Multiple at Ten Years Holding
4.02x

Investment Summary

This offering presents investors an opportunity to invest in 265-unit multifamily apartment buildings in Rapid City, SD.
Tzadik Management is an experienced real estate investor that currently manages 7500+ units nationwide with a core focus on Class C multifamily investments.  Tzadik Management specializes in direct investments in middle market multifamily real estate and has operational experience in this market.

Portfolio Summary

LaCrosse Estates, located in Rapid City, SD, offers comfortable living close to shopping, dining, interstate access, and many other commercial services while still located in a neighborhood like setting. Community amenities include a clubhouse, an indoor Olympic-size pool, whirlpool, sauna and fitness center, outdoor great room and state of the art sport court.

Market Summary

WHAT MAKES RAPID CITY SO SPECIAL?

The Mount Rushmore State of South Dakota has carved a solid reputation for business friendliness. It is consistently ranked in the top five states for setting up and conducting business. Small and big companies alike are discovering South Dakota’s central location and progressive business climate.

Rapid City is a gem of a city in the state. Located in the west, it is situated on I-90 with direct access to the Black Hills and the surrounding energy fields and is the regional economic and medical hub for a 200 mile radius containing 470,000 people. Rapid City has a diverse economy of many thriving small businesses boosted by the area’s major industries of tourism, healthcare, Ellsworth Air Force Base, and financial call centers.

 

Offering Documents

Portfolio Location

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MICHAEL DAVALOS

Executive Vice President

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