WindWave Real Estate with JV partners, Chicago Development Partners and Path Construction is under contract to acquire 111 W Illinois, Salesforce's former Midwest HQ and Roka Sushi & Steak restaurant to convert 140,000 SF of vacant office space to 153 market rate apartments in River North, Chicago.
We are confidentially seeking interest from accredited investors for up to $7.0M of Limited Partner equity investment with projected returns of 25% IRR and 2.0x cash investment multiple in 3 years. Minimum investment is $100,000.
The teaser can be viewed below and if you are interested in learning more, reach out to Jon Cordell at Jon@WindWaveRE.com to receive the Private Placement Memo.
IMPORTAN NOTICE: This is not an offer to sell, or a solicitation of an offer to purchase any fund or investment security. Such an offer will be made only by a private placement memorandum including the Important Notice and Disclaimer therein. This material is not financial advice. Returns are not guaranteed. Past performance is no guarantee of future results. All investments involve a degree of risk, including the risk of loss. The SEC Definition of individual Accredited Investor is (1) net worth over $1 million, excluding primary residence (individually or with spouse or partner) and (2) income over $200,000 (individually) or $300,000 (with spouse or partner) in each of the prior two years, and reasonably expects the same for the current year. Learn more at the SEC website.
CONFIDENTIALITY: THIS PRESENTATION IS PRIVATE AND CONFIDENTIAL AND NOT INTENDED TO BE DISTRIBUTED TO OR READ BY ANYONE OTHER THAN THE PARTY TO WHOM IT HAS BEEN INITIALLY DELIVERED AND THAT PARTY’S ADVISORS, ACCOUNTANTS AND ATTORNEYS. The information contained herein may not be reproduced or distributed to others, at any time, in whole or in part, for any purpose, and may not be used for any other purpose, without the prior written consent of 111 W Illinois LLC, a Delaware limited liability company (the “Manager”) or JWC Capital, Inc. dba WindWave Real Estate, an Illinois corporation (the “Co-Sponsor”).
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