Overview

Asset class Real Estate
Property type Residential
Current value $41,000,000
Acquisition price $34,700,000
Total appreciation $6,300,000
Rental yield 6.8%
Occupancy rate 96.0%
Fund
FNTVS Income eREIT
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Performance

+18.2% Total Appreciation
$6,300,000 Appreciation Value
$2,800,000 Annual Rental Income
6.8% Rental Yield
Property Value Performance
Acquisition: $34,700,000
Current: $41,000,000
Total Appreciation: +18.2%
Holding Period: 34 months

Financial Details

Investment Overview
Acquisition price $34,700,000
Current market value $41,000,000
Total appreciation $6,300,000
Appreciation percentage +18.2%
Cash Flow Analysis
Annual rental income $2,800,000
Operating expenses $900,000
Net operating income $1,700,000
Net cash flow $1,900,000
Rental yield 6.83%
Cap rate 4.1%
Cash-on-cash return 4.90%
Risk Metrics
Debt-to-value ratio 0.0%
Occupancy rate 96.0%
Holding period 34 months
Return Breakdown
Rental income yield 6.8%
Appreciation contribution 18.2%
Cash yield 0.0%
Total return 25.0%

Property Information

Basic Information
Property type Residential
Property class Affordable
Location Rincon, GA
Acquisition date Jul 10, 2023
Status Active
Income producing Yes
Physical Characteristics
Total square footage 190,000 sq ft
Rentable square footage 190,000 sq ft
Number of units 124
Number of floors 2
Year built 2024
Price per sq ft $215.79
Investment Strategy
Strategy type Value Add
Projected exit date Jul 2031
Fund ownership 100.0%
Key Metrics
Cap rate 4.1%
Cash flow $1,900,000
Debt-to-value 0.0%
Units 124
Square footage 190,000 sq ft
Rent per sq ft $14.74/yr
Investment Thesis

Blue Jay Commons represents an opportunistic investment in the rapidly expanding build-for-rent (BFR) sector, targeting strong demographic shifts toward suburban living and affordability-driven rental demand. Acquired during a period of capital market dislocation in 2023, the property benefits from below-peak pricing and is positioned within the Savannah, Georgia growth corridor—one of the fastest-growing logistics and port-driven economies in the U.S. The strategy focuses on delivering stabilized cash flow through high occupancy and rental income while capturing long-term appreciation driven by population growth, housing affordability constraints, and increasing institutional demand for single-family rental communities.

Location

102 Sinclair Way

Rincon, GA 31326, US

Full Address

102 Sinclair Way
Rincon, GA 31326

Property Type

Residential - Affordable

Year Built

2024

Property Size

190,000 sq ft

Amenities & Features

Property Amenities

Private garages
Individual backyards
Modern interior finishes

Key Investment Features

124-unit horizontal multifamily layout
3–4 bedroom single-family homes
Located ~30 minutes from Savannah
Positioned in high-growth logistics/port-driven market
Institutional ownership and management
Built-for-rent (BFR) asset class exposure

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.

Real estate strategy icon

Fund information

FNTVS Income eREIT

Open Real Estate Fund

The Income eREIT is designed to generate current income by acquiring and managing income-producing real estate.