Phillip Stratton
Chicago, IL (USA)
Role(s):
Founder/Owner/Principal
Prime Capital Holdings
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Startup
Location:
Chicago
Industry:
Real Estate
Year Founded:
2009
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
"S" Corporation
Description:
I want to raise equity capital to invest in the acquisition of Apartment Buildings/Multifamily, Student Housing, Senior Housing with value-add potential. The value-add can come from either 1.) raise rent to market value, if below value 2.) upgrade the condition of the property through construction renovation 3.) both in most cases. My exit strategy would be to refinance the investment opportunity around the 5 to 7 year holding time period, in which the estimated value of the property should be appreciated to a stable market value. The growth goal of the company would be to move toward investing in real estate development projects on a nationwide scale.