Sunshine SD, LLC is a single-purpose entity being formed to acquire a recently renovated 32-unit townhome-style multifamily property situated on 1.04 acres located in the City of El Cajon, within the County of San Diego. This is considered a Core Plus investment, with generally low to moderate risk and the proposed hold period is 10 years.

This investment is projected to generate a 5.7% annualized blended cash on cash return prior to sale in 2031. The Class A Members shall receive all net cash distributions first until their invested equity has been returned. Thereafter, 80% of the profits will be paid to the Class A Members and 20% to the Class B members. The deal level IRR is estimated to be 12.01% with a Class A Member IRR of 10.44% over the 10 Year investment horizon. The equity multiple for the Class A Members is estimated to be 2.28.  The purchase price of the property was $9.55mm and the equity invested was $3,976,000.