Escalating pipeline of new investments exceeds traditional means
Veloce Capital, a private real estate investment firm, announced a new pipeline of offerings through investment syndications and its private equity funds focused on the growing rental market in secondary and tertiary markets.
“Today, Veloce Capital is introducing a new investment option that provides investors with an equity partnership opportunity to invest in a specific property (syndication) or collection of properties (mutual fund position) as part of our overall investment options with a focus on delivering multiple ways to invest , outside traditional markets such as shares and bonds” says Surf Dinani, CEO.
What’s new: Investment in market rent assessment
Investors seeking alternatives outside of traditional markets can enter into active conversion of submarket multifamily properties without the extensive development and associated costs of new or complete rehab of distressed assets. Investors can get faster access to investments, repayment of initial contributions, a tax-free return on investment through refinancing, and, more importantly, realization of the investment year on year. Investors can own up to 40% of a stabilized income producing multi-family property.
As with all Veloce Capital investment options, this equity investment is not a one-time opportunity. Veloce Capital has an ongoing pipeline of investment properties that align well with the growing communities in which they invest.
“Think of it as owning an investment property or properties without doing any work. Our passive investors have access to different strategies. Yet this new equity offering focuses on return of capital and equity return by bringing existing assets to market rent, thereby investing in growth .” so Ryan YatesVP of Finance & Compliance.
Paterson Rental Market at a glance
The City of Paterson emerges as a popular area for real estate investment after a history marked by urban deterioration. Two of the city’s zip codes are among North Jersey’s fastest-appreciating real estate markets. This growth rate is a direct reflection of Paterson’s robust rental market. Almost 75% of the population occupy 33,700 units compared to the remaining 25% of owner-occupied homes. The dominant majority of 70% (estimated) represent those who rent 2-bedroom apartments or larger.
In addition, the local Paterson labor market has seen a positive change from an unemployment rate in February 2022 (8.8%) to 5.6% in September 2022. This shift, matched with the strength of a high-demand rental market, has lifted Paterson as a hub of cultural diversity, lower rent entry with high value for commuters, and a vibrant developing community in close proximity to New York City.
