Opportunity Zone Magazine Opportunity Zone Magazine Volume 1, Issue 1 | Page 97
$44.5 MILLION MIXED-USE REDEVELOPMENT OPPORTUNITY
Phase 1 :
●
●
95
188 Units Multi-Family ●
60,000 Professional Office
15,000 Commercial
www.LansingOZ.com
Proposed New Construction
Existing Office Building
State Capitol
Site
Central Business District
Welcome To Lansing,
Capital Transformation Zone
Project Size:
$44.5 Million Investment Ready (Phase I)
The Capital City of Michigan
ASSET CLASS:
Multi-Family/ Mixed Use, Professional Office ● Midwest Insurance HUB with
8 Fortune 500 Companies
MARKET:
Lansing - East Lansing - MSA > 500K + pop. ● TARGET EQUITY MULTIPLIER:
2.5 Times equity (Pre Opportunity Zone) Most Powerful Particle
Accelerator in the World
Opening in 2021. Making the
Region a World Leader in
Nuclear Physics and Bio
Sciences. ($770 million)
● PROFIT SHARING:
8%IRR Preferential Return 18th out of 200 Best Cities for
small businesses
● Highly Educated Workforce
over 18,000 College
Graduates Annually
TARGET RETURN PROFILE:
10.5% -11.5% IRR (Pre Opportunity Zone)
HOLD:
10-Year to Opportunity Zone Qualify
Investment opportunity:
$6.5mm PO, $11.5mm Mixed Use
DISTRIBUTION FREQUENCY:
Quarterly Upon Stabilization
SPONSOR CO-INVESTMENT:
5% - 15%
MINIMUM INVESTMENT:
$1,000,000
● #1 in Labor Force Growth, Population
Growth 24-25, and Educational
Achievement 24-64 in Michigan
● 2017-2018, 4th Greatest Leap of any
Community in Growing Jobs,
Technological Development and Wage
Gains, (49 spots to 89th) Milken Institute
Report
● Home of General Motors Newest and Most
Technologically Advanced Automotive
Plants in North America
● Over $2 Billion in Development Under
Construction in the Region
WHO WE ARE
Urban Systems led by Patrick Smith, Brent Forsberg, and Jeff Deehan is a
collaboration of 3 development companies, completing over $7 Billion dollars of
development over the past 10 years. Our goal in working together with the City of
Lansing is to reconnect the City’s residential neighborhoods to the Central Business
District.
Pat Smith
WestPac Communities Brent Forsberg
T.A.Forsberg, Inc. Jeff Deehan
Dymaxion Development
PHONE: 970-987-1413
[email protected] PHONE: 517-202-7572
[email protected] PHONE: 517-712-9793
[email protected]
OPPORTUNITYZONEMAGAZINE.COM
This advertisement does not constitute an offer to purchase securities. Offers and sales of investment interests in the Project will be made only to "accredited investors" as defined by Regulation D in compliance with all applicable
federal and state securities laws. For more information, contact Urban Systems.