SURFHOUSE Asbury Park
Investment Opportunity in Asbury Park, NJ
Enterprise Sponsor management team with $40B real estate experience targets attractive returns and high cash yield while bringing Class A multifamily to New Jersey’s Asbury Park Waterfront.
Key Deal Points
- Sponsor affiliate: public REIT, $40B+ real estate experience
- Master Developer with $300M+ invested in community
- Opp Zone - potential investor tax benefits on capital gains
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CrowdStreet REIT I (C-REIT)
CrowdStreet is not responsible for the performance of deals on the Marketplace. Past performance is not indicative of future results and should not be relied upon for the basis of making an investment decision. You should not invest unless you can sustain the risk of full loss of capital.
*We calculate IRR, or Internal Return of Return, for individual realized deals based on the aggregate investor cash flows, utilizing the XIRR function in Microsoft Excel and with reference to the effective capital contribution dates of each individual investor and the distribution dates by the issuer. The aggregate IRR of all realized deals is based on aggregated cash flows of individual realized deals, as described above, and similarly calculated utilizing the XIRR function. IRR figures listed on this page are net of the most onerous fees charged to clients of CrowdStreet Advisors, LLC, our registered investment advisor subsidiary; an investor’s actual IRR on a realized investment may differ. We utilize a consistent methodology for calculating returns. However, in most cases, the applicable issuing entity provides the distribution information used for our IRR calculations. While we take reasonable steps to verify this information, we cannot guarantee its accuracy.