Contact us: 361-443-7054 or 843-540-3115
DEERBROOK & CHIMNEYS
Wilmington, NC and Greenville, SC
FIRST MULTI-FAMILY HOLD PROJECT!!!
This opportunity presents JIDI an investment in two separate apartment complexes with the same Sponsor. The first property (Deerbrook) is located in Wilmington, NC. The second property (Chimneys) is located in Taylors, SC (inside of Greenville County) & less than 8 miles from the city of Greenville. These properties will be purchased to modernize, gain efficiency & resell allowing for investment diversification through two separate multi-unit assets. The investment will include quarterly cashflow & well positioned investor returns through sales of both properties. Total investment period is projected between two & five years but targeting three years.
RHODE ISLAND AVENUE
Washington, DC NW
ON THE MARKET!!!
A small renovation of a Single-Family Rowhome in a well established and sought out neighborhood of NW Washington DC with a 3-5 minute walk to the Shaw-Howard University Metro Station and Logan Circle. Walk Score ranks this location at a 96 out of 100 for a "walker's paradise" and 99 out of 100 for a "biker's paradise." Several restaurants, amenities and shopping very close by. Our investment partner plans to conduct a full renovation of the 3-level property with rehab and upgrades to the kitchen, bathrooms, basement, flooring, bedrooms and common areas. We will add a half bathroom on the main level to make the home a 3 bedroom 2.5 bathroom property. Expected completion is for August 2019.
Washington, DC SE
DESIGN & DEVELOPMENT!!!
This project presents an opportunity to participate in the development of up to 2.45M residential & commercial mixed-use space located in SE Washington DC, known for its beautiful waterfront views & increasing demand for property. This will be the first joint venture opportunity for JID Investments LLC (JIDI) with Redbrick LMD. The sponsor has decades of experience in real estate acquisition, entitlement, renovation & development of commercial, residential, multi-family and mixed-use properties. The project has the potential to last up to 10 years+ but will afford multiple liquidation opportunities for JIDI and its investors to exit or choose to remain. This investment will evolve from development to a buy and hold investment.
Our first residential and mixed-use development project in Atlanta, the Edgewood project consists of the purchase, development and construction of a single multi-story building including ground floor retail space, 100 1BR and 2BR condo units, and 190+ above the ground parking spaces. The property will be purchased in May 2018, will go through the plans approval and building permit process and then will start construction. Planned construction time is 16-18 months. Sales & Delivery is expected to take 8-10 months for a total project timeline of 45 months with delivery and closeout scheduled for early 2022. The Property is located in the Old Fourth Ward neighborhood of Atlanta which is seeing significant development and growth over the past few years and is within a few blocks of the Atlanta Beltline, Krog Street Market and Ponce City Market.
RHODE ISLAND AVENUE
Washington, DC NE
The project consists of the purchase, development and construction of a single multi-story building including ground floor retail space, 74+ 1BR and 2BR condo units, and 20+ underground parking spaces. The property was purchased in November 2017, will go through the plans approval and building permit process and then will start construction. Planned construction time is 10-12 months. Sales & Delivery is expected to take 6-8 months for a total project timeline of 35 months with delivery and closeout scheduled for early 2021. The project borders four well established neighborhoods in the NE quadrant of Washington DC (Eckington, Bloomingdale, Edgewood and Brentwood) and is better known as "Rhode Island Row." Rhode Island Row embodies urban style and energy, convenience and convergence. A lively scene of restaurants, shops and services, topped with bright and spacious apartments right on the Red Line. Current retailers and restaurants include: Carolina Kitchen, Chipotle, Dunkin’ Donuts, Jersey Mike’s Subs, Smoothie King, TKO Burger, CVS and several service providers.