ARCTRUST Private Capital, the capital markets division of the ARCTRUST Group of Companies, has launched Project DC DuPont Circle LLC – a Regulation D private placement offering available to accredited investors under Rule 506(c).
Project DC DuPont Circle is offering for sale up to $7 million of preferred membership interests. The company was formed to redevelop, lease-up, and operate two multifamily properties in the Washington, D.C. area: The Park Meridian and The Ravenel.
“Washington, D.C.’s multifamily market has displayed strong fundamentals in recent years, including growing employment, lower vacancy, and increasing effective rent rates,” said Chris Wadelin, chief executive officer.
The offering is sponsored by a joint venture with American Housing, focused on workforce and other equitable housing investments, and is financed in part by an Amazon subsidiary. Project DC DuPont Circle is the first offering in what is expected to be a series of projects that the joint venture will bring to market.
“Through our unique partnership with American Housing and the strategic impact investment focus from Amazon, we believe that Project DC DuPont Circle offers a favorable risk/return position for investors, along with an important, sustainable and equitable housing solution to support the region,” said Wadelin.
ARCTRUST Private Capital launched another Regulation D, private placement offering – Project Rendon LLC – in December 2023, which financed the development of a multifamily residential community in a Dallas suburb. It became fully subscribed in March 2024, raising the full offering amount of $14.95 million.
ARCTRUST Private Capital is an affiliate of the ARCTRUST Group of Companies, a vertically integrated real estate organization that over the past 39 years has been responsible for more than 500 transactions with an aggregate value in excess of $5 billion. ARCTRUST Private Capital focuses on delivering a diverse platform of investment solutions including real estate investment trusts, Regulation D offerings, Delaware statutory trusts and preferred equity and debt products, while also providing investor access to private sidecar and property-specific investments in joint ventures and co-sponsored offerings.
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