Overview

Arrowpoint Properties (the “Sponsor”) is seeking to raise approximately $4 million of equity to acquire Tatnuck Brook Apartments (to be rebranded as Arrowpoint at Mill Street) (the “Property” or “Mill St”), a 54-unit, garden-style community located in the highly desirable West Tatnuck neighborhood of Worcester, MA. The total purchase price of the property is $10,150,000 presenting investors with an opportunity to acquire a highly sought-after asset type in one of the top three rental markets in the country. Arrowpoint considers this asset type as “heavy value-add”, and one that Arrowpoint’s team` is most familiar with and has had the most success with over multiple decades. Arrowpoint intends to reposition the asset over a five-year hold period, with all of the capital improvements and majority of value creation to occur in the first twenty-four months.