Author Archives: David Rutherford

JID Investments is very excited to publish our 2022 Year-End Newsletter! Check out all of the latest company news and project updates as we continue to grow and expand into new markets. You can read the full newsletter and find the latest versions of all of our documents at: https://jidinvestments.com/about/overview/. We look forward to speaking with you soon!

JID Investments LLC (JIDI) is very pleased to announce that we have fully funded our latest investment – City House Charleston.  JIDI, along with our newest Sponsor/Developer partner, Landmark Partners will participate in the new construction of a 4-story, 21-unit luxury residential multifamily condominium for sale (two/three bed and two and a half/three and a half bath) and commercial building for lease (retail, gym, restaurant) in the French Quarter district of Charleston, South Carolina.

Condominium units will range from 1,525 – 4,228 sqft (total unit sqft), including four penthouse units and showcase magnificent views of downtown Charleston. Sale prices range from ~$1.7M – $4.8M. Landmark has presold 13 units (62% of the total number of units). JIDI investors will exit the project upon sale and closeout of the final condominium unit(s). Our projection is to be 100% presold by CofO/delivery in 4^th QTR 2024.

JIDI is providing $1.5M of equity as a Limited Partner to the project. JIDI accredited investors were offered 60 units of investment at $25,000 each.  This is JIDI’s 29^th project investment since our inception in April 2013. We have invested over $34.7M on these 29 projects with 17 going full cycle.

Investment Details:

Project Name:                                                 City House Charleston

Location (City/State):                                     Charleston, South Carolina

Project Type:                                                   Residential and Mixed-Use Commercial

JIDI Raise Amount:                                        $1,500,000

Investment Unit Dollar Amount:                    $25,000 (60 units)

Projected Length of Investment:                    2 years

JIDI Projected Investor Returns (IRR):          16% (includes a 12% preferred return)

JIDI Projected Investor Equity Multiple:        1.32x

JID Investments is pleased to announce that we have completed our 18th investment opportunity! Peninsula 88 is an eight-story, residential condominium for sale, mixed-use property and featuring 110,000 sqft of waterfront property located in SW Washington DC. Directly seated on the southwest confluence of the Potomac and Anacostia Rivers, offering unmatched water views and only blocks away from both the DC United (Audi Field) Soccer Stadium, Washington Nationals Baseball Stadium, and Capital Riverfront.  The project consists of 110 luxury condos with two-level underground parking and 1,800+ sqft of ground floor retail space. Condos units range from 650 to 1500+ sqft and are priced from $500,000 to $1,700,000. The property was also just recently Winner – “Best Washington/Baltimore Highrise Condominium Community” in Delta Associates’ 25th Annual Multifamily Award.

JIDI raised $4.4M in equity for the project and returned more than $2.8M in profits to investors. We are very pleased with this investment and would like to thank our Sponsor/Partner Capital City Real Estate and our family of investors for this wonderful opportunity!