Investors Management Group, Inc. (“IMG”) is acquiring Whitehall Estates as a Tenancy In Common (TIC) ownership structure through a 506(c) securities offering. IMG, as Sponsor, is raising $17.9M from accredited investors who will become owners as either Limited Partners or Tenants In Common. TIC ownership positions will accommodate 1031 exchanges.

The acquisition is targeted to close in early March, 2020. The investment is anticipated to be a 5-year hold.

Location: 2400 Whitehall Estates Dr, Charlotte NC 28273
Units: 252, Garden Style
Year Built: 1996
Closing: March 2020
Anticipated Hold Period: 5 years
Minimum LP (Member) Investment: $25,000
Minimum TIC Investment: Contact for availability

Propelled by its attractive amenities and central location at a high-traffic corner within one of Charlotte’s largest job districts, Whitehall Estates continued its trend of increasingly strong financial performance in 2019. Total income is up 12% over the trailing two years.

IMG will follow a proven value-add business plan, expanding upon the rehab scope that was put in progress by the current owner.

Investment participation is limited and available on a first-come basis. Contact:

Karlin Conklin
Principal, Executive VP
(971) 888-4010 ext. 104
karlin.conklin@imgre.com

Dave Mikkelsen
Investor Relations Manager
(971) 888-4010 ext. 108
david.mikkelsen@imgre.com

 
 

All offers and sales of any securities will be made only to Accredited Investors through a Confidential Private Placement Memorandum and any exhibits and attachments thereto (collectively, the “PPM”). This communication is not the PPM, and is not intended nor shall it be construed to be an offer to sell any securities. No PPM will be presented to you unless and until IMG has first been able to validate your status as an Accredited Investor. Prior to subscribing, each investor must receive, read and fully understand the PPM which contains important disclosures, financial assumptions and risk factors, including, but not limited to, those risks set forth in the section of the PPM entitled “Risk Factors.” Each investor must base its decision to invest solely on the PPM, may rely only on the information contained in the PPM and should seek advice based on the investor’s particular circumstances from their own independent advisors. Past performance of IMG-sponsored investments may not be indicative of future results.