soleil high-rise execute the ca schedule a tour soleil high-rise lead ed nwokedi executive director...

Cushman & Wakefield’s Texas Multifamily Advisory Team is pleased to announce the offering of Soleil, a 66-unit high-rise rental community located in the district of Guaynabo, Puerto Rico (PR). The San Juan– Caguas–Guaynabo metropolitan area is the largest metropolitan area (by population 6.1 million) in Puerto Rico. The Soleil Apartments is conveniently located near excellent private schools, major grocery and drug stores, restaurants, hospitals, and parks. This 19-story high-rise mixed use building consists of 135,534 total square feet (SF), which includes 66 Luxury Apartment units, 3,000 SF retail, and 74 underground parking stalls. 66 UNITS 2008 YEAR BUILT 21% NET IRR $2,269 AVG RENT 77,640 RENTABLE SF A CLASS 19 STORIES 1,176 AVG UNIT SF Guaynabo, Puerto Rico LOCATION INVESTMENT HIGHLIGHTS 1 ATTRACTIVE IRR & TAX CREDITS • 21% IRR in 4 years after capital gains tax and tax credit • 4% long term capital gains tax in Puerto Rico vs 20% in the United States • Tax credit incentive of $10,000,000. 2 TAX EXEMPTIONS • 100% tax exemption on dividends, interest and on all short-term and long-term capital gains • 90% discount on property tax for 15 years. 3 LOCATION • Soleil is the tallest building in Guaynabo, 360 degrees of unobstructed views overlooking the city starting from the fifth floor • Highly anticipated project since the construction started in 2008, well known in the community. 4 OPPORTUNITY ZONE INVESTMENT The creation of Opportunity Zones allows U.S. investors to defer all 2018 capital gains for 8 years if the profits are reinvested and held in an Opportunity Zone. 5 TAX INCENTIVES Recent US government sponsored tax incentives are expected to generate $600 million in new investments. 6 LIMITED COMPETITION Hotel prices in Puerto Rico are relatively expensive and Airbnb style rentals not common. Therefore, investors in vacation rental properties can leverage high returns with limited competition in a market. SCHEDULE A TOUR EXECUTE THE CA SOLEIL HIGH-RISE LEAD ED NWOKEDI EXECUTIVE DIRECTOR +1 713 331 1731 [email protected] LUCAS TSANG ASSOCIATE +1 713 331 1815 [email protected] CONTACT THE TEXAS MULTIFAMILY TEAM Redevelopment Project in Opportunity Zone with Federal Tax Credits

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Cushman & Wakefield’s Texas Multifamily Advisory Team is pleased to announce the offering of Soleil, a 66-unit high-rise rental community located in the district of Guaynabo, Puerto Rico (PR). The San Juan–Caguas–Guaynabo metropolitan area is the largest metropolitan area (by population 6.1 million) in Puerto Rico. The Soleil Apartments is conveniently located near excellent private schools, major grocery and drug stores, restaurants, hospitals, and parks. This 19-story high-rise mixed use building consists of 135,534 total square feet (SF), which includes 66 Luxury Apartment units, 3,000 SF retail, and 74 underground parking stalls.

66 UNITS

2008 YEAR BUILT

21% NET IRR

$2,269 AVG RENT

77,640 RENTABLE SF

A CLASS

19 STORIES

1,176 AVG UNIT SF

Guaynabo, Puerto Rico LOCATION

INVESTMENT HIGHLIGHTS

1ATTRACTIVE IRR & TAX CREDITS

• 21% IRR in 4 years after capital gains tax and tax credit • 4% long term capital gains tax in Puerto Rico vs 20% in the United States • Tax credit incentive of $10,000,000.

2TAX EXEMPTIONS

• 100% tax exemption on dividends, interest and on all short-term and long-term capital gains • 90% discount on property tax for 15 years.

3LOCATION

• Soleil is the tallest building in Guaynabo, 360 degrees of unobstructed views overlooking the city starting from the fifth floor • Highly anticipated project since the construction started in 2008, well known in the community.

4OPPORTUNITY ZONE INVESTMENT The creation of Opportunity Zones allows U.S. investors to defer all 2018 capital gains for 8 years if the profits are reinvested and held in an Opportunity Zone.

5TAX INCENTIVES

Recent US government sponsored tax incentives are expected to generate $600 million in new investments.

6LIMITED COMPETITION Hotel prices in Puerto Rico are relatively expensive and Airbnb style rentals not common. Therefore, investors in vacation rental properties can leverage high returns with limited competition in a market.

SCHEDULE A TOUREXECUTE THE CA

SOLEIL HIGH-RISE

LEADED NWOKEDIEXECUTIVE DIRECTOR+1 713 331 [email protected]

LUCAS TSANGASSOCIATE+1 713 331 [email protected]

CONTACT THE TEXAS MULTIFAMILY TEAM

Redevelopment Project in Opportunity Zone with Federal Tax Credits