San Francisco, California
London, United Kingdom
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This is a very special investment opportunity, please seriously consider it. Attached is an explanation of Granite Peak Partner’s next offering. This is a limited partnership investment building 300 apartments in Williston, North Dakota, the epicenter of the Bakken oil boom. The great opportunity here is that there is a HUGE need for housing due to the high employment in well drilling operations in an oil field that is destined to make the USA net oil exporters. Oil rig workers and all the support staff currently do not have a permanent place to live, so we expect them to be very anxious to have our apartments available.
A reasonable calculation on earnings projections by GPP for this deal uses today’s rental prices including predicting a 10X capitalization rate at sale in 3 years, which produces a 30% IRR to investors after profit share with GPP. That is a great number (which everyone knows is not guaranteed). The key to this calculation are the assumptions. Using other assumptions in this calculation, it is also normal for us to assume that the cap rate may be closer to a historically accepted 8, which would produce closer to a 50% IRR in 3 years. It is also normal to consider rental rates to be much higher because our project is destined to be the only high quality living apartments close to the oil field. All these hoped for improvements raise the expected IRR up from 30%. In any case, I do consider this a great offer for you to consider.
Please join us in-person at FWCG’s San Jose offices, or online, using the instructions below. Please register for the event so we know to expect you and can remind you to attend.
Date: Monday, April 8, 2013
Time: 10am – 11am
Location: 25 Metro Drive, Ste 600, San Jose, CA 95110
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Toll Dial-in Number: +1 (646) 583-7415
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Craig Martin & The Family Wealth Consulting Group Team