URL:
Location:
Dallas, TX
Niche:
Multi-Family
Prior::
CrowdStreet

Overall:

Communication/Reporting:

Track Record/Performance:

Sponsor Fees:

To see feedback and discussions from actual Nicholas investors, join over 1000 accredited investors at the 506 Investor Group. 506 Group negotiates lower fees and better terms versus investing direct. See over 300 post about investors experience as Nicholas investors.

Nicholas Residential is a fully integrated Multifamily Investment Firm focused exclusively on:

  • Class "B" Multifamily Investments
  • Late 70's to Mid 1990's Vintage
  • 150 Units +
  • $8m to $35m total capitalization (to stay below the institutional acquisition threshold and take advantage of an unsophisticated, segmented market)
  • $3,000 to $5,000 per unit in value-add capital expenditures
  • Opportunities in Dallas, Houston and San Antonio
  • Properties with a Management enhancement opportunity (through scale and improved operating efficiency)

The company employs low leverage (>/= 75% LTV) and locks in long term (10 to 12 year) fully assumable, non-recourse financing through Fannie Mae, Freddie Mac and HUD. The firm focuses on fully-occupied, strong cash-flowing opportunities with little deferred maintenance in order to maximize investment returns. Although investment underwriting assumes a 5-year hold period, deals are overcapitalized at closing to avoid capital calls and sustain the projects cash-flow through a potential downturn in the market.

Nicholas Residential uses conservative underwriting in order to achieve average proforma returns of 17.0% to 18.5% IRR's and 2.0x multiples net of fees to the Limited Partnership over an anticipated 5-year investment horizon.

Due Diligence & Discussions

Share your experience. Rate and comment!

Sam G

Oct 18, 2018

In one of their deals for about a year. So far so good, performing inline with proforma.  Communicaiton is regular and on time.

Ian Cox

Jul 09, 2018

Burcin Ergun

Mar 12, 2018

I have invested throguh Nicholas Resindetial directly as well as while Paul Panza was with Westmount. Monthly reporting is the best I have seen from any sponsor. Very clear and detailed including the budget variance and so on. Performance till now is OK. Due to property management change there were some hick-ups. 

Mark Robertson

Jan 28, 2017

Formerly with Westmount this sponsor is realitively new, but has experience with other firms.  Invested with them for less than 6 months, so can not speak to their track record.  They are prompt to reply to email questions though.

Top 5 by Overall Rating
To see feedback and discussions from actual Atlas investors, join over 1000 accredited investors at the 506 In
To see feedback and discussions from actual Big V investors, join over 1000 accredited investors at the 506 In
To see feedback and discussions from actual Praxis investors, join over 1000 accredited investors at the 506 I
The RealSource Group of Companies benefits from their proprietary "Econometric Model" which has been in use since 1
Xebec Realty is a private, vertically integrated real estate firm that focuses on the acquisition, development and manag
Website - Real Crowd Fees - NONE Phone - 800-286-1602 SEC REG - USES 506(c) - Open Investments can be advertised and publicly discussed Real Crowd is a private, secure, and simple-to-use online platform for accredited investors to assess, r
URL - Fund That Flip Fees - 2% to 4% loan points as an origination fee deducted from loan funds at loan closing, plus 1% to 3% interest rate spread taken from loan repayments over the course of the loan. There is no cost for investors to sign up and
Website - CrowdStreet Phone - 888 432-7693 SEC REG - USES 506(c) - Open Investments can be advertised and publicly discussed CrowdStreet allows accredited investors to purchase real estate investments through their platform, which is essent
Website - EquityMultiple.com Fees - .5% annual asset management fee on equity + 10% carry Phone - 646)-844-9943 SEC REG - USES 506(c) - Open Investments can be advertised and publicly discussed EQUITYMULTIPLE is the only online investi
Website - Brelion.com Fees - Various Phone - (888) 564-3213 SEC REG - TBD Brelion is owned by the same company that owns Smartland sponsor and Peer Realty crowdfunding platform. As real estate developers ourselves, we underst
Nicholas Residential Nicholas Residential
Rated 2.6/5 based on 21 customer reviews

To see feedback and discussions from actual Nicholas investors, join over 1000 accredited investors at the 506 Investor Group. 506 Group negotiates lower fees and better terms versus investing direct. See over 300 post about investors experience as Nicholas investors.

Nicholas Residential is a fully integrated Multifamily Investment Firm focused exclusively on:

The company employs low leverage (>/= 75% LTV) and locks in long term (10 to 12 year) fully assumable, non-recourse financing through Fannie Mae, Freddie Mac and HUD. The firm focuses on fully-occupied, strong cash-flowing opportunities with little deferred maintenance in order to maximize investment returns. Although investment underwriting assumes a 5-year hold period, deals are overcapitalized at closing to avoid capital calls and sustain the projects cash-flow through a potential downturn in the market.

Nicholas Residential uses conservative underwriting in order to achieve average proforma returns of 17.0% to 18.5% IRR's and 2.0x multiples net of fees to the Limited Partnership over an anticipated 5-year investment horizon.