Overview

Asset class Real Estate
Property type Residential
Current value $29,500,000
Acquisition price $29,500,000
Total appreciation $0
Rental yield 9.8%
Occupancy rate 100.0%
Fund
FNTVS Income eREIT

Performance

+0.0% Total Appreciation
$0 Appreciation Value
$2,900,000 Annual Rental Income
9.8% Rental Yield
Property Value Performance
Acquisition: $29,500,000
Current: $29,500,000
Total Appreciation: +0.0%
Holding Period: 33 months

Financial Details

Investment Overview
Acquisition price $29,500,000
Current market value $29,500,000
Total appreciation $0
Appreciation percentage +0.0%
Cash Flow Analysis
Annual rental income $2,900,000
Operating expenses $960,000
Net operating income $1,940,000
Net cash flow $1,940,000
Rental yield 9.83%
Cap rate 6.6%
Cash-on-cash return 6.58%
Risk Metrics
Debt-to-value ratio 0.0%
Occupancy rate 100.0%
Holding period 33 months
Return Breakdown
Rental income yield 9.8%
Appreciation contribution 0.0%
Cash yield 0.0%
Total return 9.8%

Property Information

Basic Information
Property type Residential
Property class Class A
Location Sherrills Ford, NC
Acquisition date Aug 21, 2023
Status Active
Income producing Yes
Physical Characteristics
Total square footage 184,300 sq ft
Rentable square footage 184,300 sq ft
Number of units 97
Number of floors 2
Year built 2023
Price per sq ft $160.07
Investment Strategy
Strategy type Value Add
Projected exit date Aug 2031
Fund ownership 98.0%
Key Metrics
Cap rate 6.6%
Cash flow $1,940,000
Debt-to-value 0.0%
Units 97
Square footage 184,300 sq ft
Rent per sq ft $15.74/yr
Investment Thesis

FNTVS acquired Montera at Sherrills Ford to capitalize on growing demand for affordable suburban rental housing in the Charlotte metropolitan area, one of the fastest-growing regions in the Southeast United States. The investment aligns with FNTVS’s broader Sunbelt housing thesis focused on build-for-rent communities that offer larger living spaces, modern amenities, and family-oriented environments at price points below homeownership costs. The property benefits from strong regional population growth, migration trends toward suburban living, and limited supply of professionally managed townhome rentals near Lake Norman. Following stabilization in 2024, the asset achieved full occupancy and strong rent renewal growth, supporting FNTVS’s expectation for long-term income generation and appreciation through operational execution and continued regional economic expansion.

Location

3837 Hayden Lane

Sherrills Ford, NC 28673, US

Full Address

3837 Hayden Lane
Sherrills Ford, NC 28673

Property Type

Residential - Class A

Year Built

2023

Property Size

184,300 sq ft

Amenities & Features

Property Amenities

Private attached garages
Modern stainless-steel kitchens
Private backyards

Key Investment Features

97-unit build-for-rent townhome community
Located near Lake Norman and Greater Charlotte
Fully stabilized and 100% leased
Strong lease renewal growth of 7–10%
Spacious three-bedroom floor plans
Professionally managed rental housing community

Our strategy

Real Estate Investment Strategy

Build a diversified portfolio of institutional-quality real estate assets that generate stable income and long-term appreciation

  • Expected variability of return: Low to Moderate
  • Timing of expected return: Quarterly distributions from rental income
  • Primary expected source of returns: Rental income and property appreciation
  • Asset focus: Income-generating properties in growing markets
  • Geographic strategy: Diversified across major metropolitan markets
  • Property management: Professional third-party management with institutional oversight
More about our real estate strategy

This section is intended to provide a general overview of the investment strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.

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