Elevation Real Estate Group and Great Lakes Capital to Build Granger Village, a 204-Unit Multi-Family Development in Mooresville, North Carolina

Charlotte, Feb. 04, 2021 (GLOBE NEWSWIRE) — Elevation Real Estate Group, a Charlotte-based real estate company, in partnership with Great Lakes Capital, recently completed the purchase of 18.6 acres of land at the southeast corner of Charlotte Highway (Highway 21) and East Waterlynn Road in Mooresville, North Carolina. The parcel will be developed into a 204-unit multi-family mixed-use complex and will be known as Granger Village.

Located near Exit 33 of Interstate 77 by Lake Norman, Granger Village will feature multi-family units as well as two commercial parcels that may include 15,500 square feet of retail, restaurant, and medical office space. The location of Granger Village is perfectly situated less that one mile from well-established retail shopping, grocery stores, hotels, the Lake Norman Regional Medical Center, Lowe’s Home Improvement corporate headquarters, and other key employment nodes within the Mooresville community.

Construction is slated to begin in the second quarter of 2021 with an anticipated initial opening in the second quarter of 2022. Leasing is planned to begin in late 2021. The architectural firm on the project is Finley Design of Raleigh, North Carolina. The architectural style of the multi-family buildings will be more of an urban look than traditional garden

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What Is Multiple on Invested Capital in Real Estate Investing?

Note that “realized” means money that you’ve received. A dividend or distribution is a form of realized investment proceeds. When you sell an investment entirely, it also becomes realized. On the other hand, an “unrealized” investment is one you still own. For example, if you own shares of a REIT and they’ve doubled, the gain is known as an unrealized gain until you sell your shares.

So, let’s say you invested $100,000 in a private-equity real estate deal. After a few years, you’ve received $20,000 in cumulative distributions. And based on a recent appraisal of the property, your share’s valuation has increased to $150,000. You would add the unrealized value to your distributions, which would be a total of $170,000 in value you’ve received from your initial $100,000 investment. Dividing these numbers would produce a MOIC of 1.7, meaning your investment has increased by a total of 70{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}.

Advantages and shortcomings of MOIC

The main advantage of using multiple on invested capital to express your investment performance is that it breaks your return down into one easy-to-understand number. Metrics like annualized returns and internal rate of return (IRR) can be confusing to understand, especially if you’re interested in the total

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Understanding Capital Gains Tax on a Real Estate Investment Property

Owning real estate produces steady income for investors, but the sale of residential and business properties can generate a large tax bill because of capital gains.

a group of people sitting at a table using a laptop: Shot of a mature couple going over their finances at home

© (Getty Images)
Shot of a mature couple going over their finances at home

Investors should understand the various factors that can help them mitigate and potentially defer paying capital gains tax from selling real estate properties.


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Rental property owners will benefit from lower ordinary income tax rates and other favorable changes to the tax brackets for 2018 through 2025, says Michael Underhill, chief investment officer of Capital Innovations in Pewaukee, Wisconsin.

Changes in tax laws have resulted in more complications, and owners of rental properties should invest more time and resources on tax planning, says Sarah Hallock, a tax senior manager for New York-based tax and accounting firm EisnerAmper.

“Recent legislation has granted some benefits to real estate investors, such as the potential tax savings from the 20{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} deduction for qualified business income and the immediate write-off for qualified improvements,” she says.

On the other hand, the limitation on business interest expense deductions has had a significant negative impact on leveraged rental activities, Hallock says.

“The Coronavirus Aid, Relief, and Economic

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Veterinary Practice Manager and Real Estate Investor Partner to Launch Vetley Capital

Zach Goldman, President, Vetley Capital (Photo: Business Wire)

Zach Goldman, President, Vetley Capital (Photo: Business Wire)


Zach Goldman, veterinary practice manager and real estate entrepreneur, today announced the launch of Vetley Capital, a veterinary real estate investment firm based in Annapolis, Md. As president of the new firm, and in partnership with David Williams of MRE Capital, who will serve as chairman, Goldman plans to build a long-term portfolio of veterinary real estate properties nationwide.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210126005598/en/

Zach Goldman, President, Vetley Capital (Photo: Business Wire)

Vetley Capital currently owns ten veterinary properties in the mid-Atlantic and South East regions, with an additional four under contract expected to close in coming months. According to Goldman, the veterinary industry is consolidating and, as many practices are acquired by larger corporate groups, many retiring practice owners are often left holding onto real estate assets after the sale of the practice. Vetley Capital offers liquidity to those owners looking to sell, as well as ongoing property management and customer service to new tenants.

Veterinary real estate is a special asset class for Goldman, as he grew up

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Real Estate Venture Capital Firm Fifth Wall Launching a New Real Estate SPAC

More companies are choosing to go public through SPACs, or special purpose acquisition companies, than ever before. In 2020 alone, more than 200 SPACs completed IPOs, which is more than there were in the 10 years before combined. And although it’s early in the year, 2021 is shaping up to be even more active in the SPAC world.

Real estate companies are getting in on the action as well. We’ve already seen Opendoor (NASDAQ: OPEN) go public via SPAC, and there are several SPACs in the market now searching for a real estate technology company to acquire.

We recently learned that there will be one more. Real estate-focused venture capital firm Fifth Wall is launching a SPAC of its own, called Fifth Wall Acquisition I. Here’s what we know so far and what investors should keep in mind before buying it.

What is Fifth Wall Acquisition I, and how does it work?

A SPAC is a company created for the sole purpose of raising capital and merging with a private company. It’s an alternative way to take a company public. For example, a SPAC called Social Capital Hedosophia Holdings V (NYSE: IPOE) recently agreed to take financial technology startup

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