Stonecreek Club
Multifamily
Stonecreek Club is a high-quality value-add asset located in a suburb of Washington, D.C. with consistent rent growth and high barriers to entry. The property is located in Germantown, MD, which offers the proximity of big city living and the affordability and amenities of surburban life. In Germantown, 37% of units are rentals and the average rent is 32% lower than mortgages across Montgomery County. The Washington, D.C. MSA accounts for 3.2% of total U.S. knowledge workers, and top occupations include legal (13%) and business and financial operations (10%). 19.7% of residents in Montgomery County work in Washington, D.C. Germantown residents have an average commute of 36 minutes, which is well-connected, considering it is 28 miles from Washington, D.C.
This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. An offering is made only by the Private Placement Memorandum. This sales and advertising literature must be read in conjunction with the Private Placement Memorandum in order to understand fully all of the implications and risks of the offering of securities to which it relates. A copy of the Private Placement Memorandum must be made available to you in connection with this offering. An investment in Carter Multifamily Growth & Income Fund, LLC involves a high degree of risk and there can be no assurance that the investment objectives of this program will be attained.
Company
Carter Multifamily
Location
Germantown, MD
Overview
Situated in Germantown, MD, Stonecreek Club has 240 apartment homes with 1-, 2-, and 3-bedroom floorplans. The property is strategically located in an attractive high-growth submarket supported by limited new supply with high barriers to entry.