Chartwell Capital Partners, a dynamic real estate investment firm, successfully executed the development and subsequent sale of Cherry Hill Apartments in Orem, Utah. This multi-faceted project, consisting of 170 market-rate, multi-family units with a transaction value of $18,600,000, showcased Chartwell's prowess in the real estate industry. Acquired in 2013, the company, under the leadership of Jeff Hawkes, assumed various pivotal roles such as Owner, Developer, General Partner, Manager, Principal of borrower, and Guarantor. The property, purchased with strategic insight, witnessed a substantial expansion from the acquisition of 96 units to the entitlement and stabilization of 170 units. The project's impressive 99% occupancy at dissolution and a stellar 13.20% ownership share highlighted Chartwell Capital Partners' adept management and strategic decision-making.
There are a number of significant risks that should be considered and reviewed when considering an investment in real estate or real estate securities. This website is neither an offer to sell nor a solicitation of an offer to buy the securities. An offering is made only by the applicable offering documents or Prospectus and only in those jurisdictions where permitted by law. This website must be read in conjunction with the applicable offering documents or Prospectus in order to understand fully all of the implications and risks of the offering of securities to which it relates and a copy of the offering documents or Prospectus must be available to you in connection with any offering. All information contained in this website is qualified by the terms of applicable offering documents or Prospectus. Neither the Attorney-General of the State of Utah nor any other State regulators have passed on or endorsed the merits of any offering described herein. Any representation to the contrary is unlawful.
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