GSP REI (610-357-2330) has announced an opportunity for accredited investors who are interested in contributing to affordable workforce housing projects in the US.
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GSP REI has opened up an opportunity to invest in a 506(c) fund that goes toward the acquisition and renovation of distressed properties for renting or reselling in areas with high demand for workforce and affordable housing.
Interested parties can learn more here: https://gsprei.com/
The real estate investment company has an in-house construction management team that handles everything from redevelopment to renting, making it possible to keep costs down. As GSP REI manages the fund, investors have the opportunity to be passively involved in a real estate project.
“We carefully balance our portfolio to maintain an ideal mix of long-term rental income and short-term sales opportunities,” a company spokesperson explained. “We achieve high returns on invested capital by acquiring land and properties below market value through diverse sources such as direct-to-owner marketing, Government-Sponsored Enterprises, local real estate professionals, and financial institutions.”
A story on the American housing crisis by NPR from earlier this year highlighted that one of the main issues is the estimated shortage of 4 to 7 million homes. This affects renters and buyers alike, who spend more of their paychecks on housing than in recent years. Low-income households are seeing the worst effects of the crisis, as they are competing with high-income households.
GSP REI’s income fund has the option of investing on a 9, 12, or 24-month minimum term, with the potential of seeing a 10-12% return. Aside from acquiring redevelopment property, the company purchases land for new constructions.
For additional details, please visit: https://gsprei.com/current-offerings/
Accredited investors are welcome to contact GSP REI to learn more about the income fund. To be an approved investor, the company requires a net worth of $1 million (not including primary residence), $200,000 income for singles, or $300,000 income combined with a spouse.
About GSP REI
The Philadelphia-based real estate company is active in the Mid-Atlantic Region but works with investors across the whole nation. The team of construction, property, and asset managers have a combined 80 years of experience and have purchased over $500 million in single-family assets.
Those interested can book a call with one of the co-founders at: https://gsprei.com/contact/
Disclaimer:
This is not an offer; offers are made only through the Regulation D Offering Documents available on GSP REI's website and are for accredited investors only. Investing involves risk, and past performance is not indicative of future results; GSP REI recommends consulting with a financial professional before making any investment decision.
Contact Info:
Name: Peter Neill
Email: Send Email
Organization: GSP REI
Address: 851 Duportail Rd 2nd Floor, Chesterbrook, PA 19087, United States
Phone: +1-610-357-2330
Website: https://gsprei.com/
Source: NewsNetwork
Release ID: 89144851
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