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Wilkinson Properties Fund 17, LLC
With Wilkinson Properties Fund 17, Wilkinson Corporation continues its tradition of offering investors a diversified portfolio of well-chosen multifamily properties strategically located to optimize potential returns.
Asset Type: Garden Style and Mid-Rise Multifamily Communities
Real Estate Classes: Value-Add and Core Plus
Target Number: 4 – 7 Properties
Expected Hold Periods: 6 – 8 Years
Target Fund Size: $50 Million
Minimum Investment: $50,000
Availability: Accredited & Qualified Investors
Target Metro Markets: Including Atlanta, Dallas-Fort Worth, Indianapolis and other Southeastern growth markets including Savannah, Austin, San Antonio, as well as Pacific Northwest secondary markets
TWO INVESTMENT OPTIONS—EACH WITH A DISTINCT RETURN PROFILE
As an investor in the Fund, you can select either Class A or Class C participation depending on your individual investment objectives
Class A*
OBJECTIVES / EXPECTATIONS
- Targeted to produce regular cash flow
- Lower risk profile
- Reduced overall economic potential
- Target cash flow: 8%
- Targeted Annualized Return: 10%
Class A*
OBJECTIVES / EXPECTATIONS
- Targeted to produce regular cash flow
- Lower risk profile
- Reduced overall economic potential
- Target cash flow: 8%
- Targeted Annualized Return: 10%
- Traditional Model: 10.5% - 14.5% IRR
- Preferred Equity Model: 13.5% - 17.5% IRR
Note that the target equity multiple and target IRR for Class C investors may be somewhat higher than those shown above int the case of specific portfolio properties in which a Preferred Equity Partner has invested.
*(investments of $1,000,000 or more may be eligible to purchase other classes of units that offer a higher return)
INVESTMENT TYPES
CLASS A INVESTORS
Entitled to several priorities:
- A higher Preferred Return (10%) than Class C investors (8%).
- Targeted regular monthly distributions at a rate of 8%, which depend on available cash and count towards satisfying their Preferred Return.*
• Priority in receiving their Return of Capital.
ADVANTAGE: Class A investors are expected to receive higher and more consistent income and have a lower risk profile.
*The balance of their Preferred Return accrues and builds up over time as new assets stabilize and regular cash flow grows. However, the Preferred Return is non-compounded. Investors investing $1M or more may be eligible to purchase units that provide a higher return.
class c INVESTORS
- Expected to recognize most of their gains as portfolio properties are sold.**
- Entitled to receive 80% of residual net cash flow after all investors have received their respective Preferred Returns plus Return of Capital.
ADVANTAGE: The 80% sharing of remaining (residual) net cash flow gives Class C investors an opportunity for considerably greater overall economic benefit.
** Upon a sale, after repayment of debt, accrued Preferred Returns, accrued Class A Preferred Returns, and repayment of Class A capital contributions on a pro-rata basis, Class C investors will receive their accrued Preferred Returns of 8% annualized and then a return of capital. Investors investing $1M or more may be eligible to purchase units that provide a higher return.
INVESTOR PORTAL
Our streamlined investment platform provides Fund investors with easy, single-point access to Fund documents and information.
Easily Access on the Secure Encrypted Investor Portal
- Quarterly Fund and asset-level financials
- Reports & announcements
- Detailed distribution notifications
- 1099s / K-1s
- Access to information about active offerings
- One central location for all Wilkinson Fund investments
- Streamlined process to purchase additional units in active offerings
Direct Deposits
Distributions are deposited directly into investor bank accounts to provide quick access to funds.
Secure Electronic Delivery
All Fund documents can be securely delivered to advisors, accountants, and estate planning attorneys via shared portal access.
The Fund Manager
Wilkinson does not begin sharing in the profits from a portfolio property until both Class A and Class C investors have received their respective Preferred Returns and a complete Return of Capital with respect to that property.
Note that the Manager and its Affiliates expect to invest cash in Class C units. Returns on those investments will be paid at the same time Class C investors receive their returns. It should also be noted that the Fund Manager does receive fees for the acquisition, management, and disposition of portfolio properties, as well as refinance fees if applicable.
Fees
Acquisition Fee: 1.5% of the acquisition price, payable at acquisition closing
Fund Management Fee: 2% per annum on the aggregate Capital Account balances of the investors; paid monthly
Disposition Fee: 1% on sales price
Refinance Fee: 0.5% (if applicable) of loan proceeds
Another Advantage for Investors:
Because the Fund Manager’s sharing of returns depends on both Classes of investors first receiving their Preferred Returns and a complete Return of Capital, the Manager has a powerful incentive to make sure the Fund performs very well.
ACHIEVING EXCELLENT PERFORMANCE FOR OUR INVESTORS
Our expertise, selectivity, diligence, planning and management has produced solid performance results for our multifamily funds and their investors
70.5%
Average Price Appreciation¹
54
Exited Multifamily Properties
14-17%
IRR Typical Targeted Returns2,3
24.98%
IRR Realized Average Returns3,4
2.3x
Average Investor Equity Multiple3,4
- Average includes all sold multifamily properties across Wilkinson’s history whether or not owned by multifamily funds.
- As underwritten prior to acquisition for investors in multifamily funds.
- Average Investor Equity Multiple, Typical Targeted Returns Realized Average Gains calculated at multifamily fund investor level net of fees.
- Growth Focused Investment Average returns and equity multiple higher than overall averages for investors in multifamily funds.
Fund 17 will not own any of the properties discussed above. Past results are not indicative of future performance, and Fund 17’s performance could differ significantly.
COMPETITIVE RETURNS
Over the past decade, Wilkinson Multifamily Funds have generated significantly higher total return—which includes both income and appreciation—than stocks, bonds, or Multifamily REITs.
SOURCES
Wilkinson Multifamily Funds
Wilkinson Full Cycle Multifamily Real Estate Funds
Multifamily REITs
Nareit Apartment Real Estate Investment Trusts
Stocks
S&P 500 Total Return Index
Bonds
Bloomberg US Aggregate Bond Index
Past results are not indicative of future performance. 28.18 IRR Net of fees to Wilkinson Multifamily Fund investors
EXPERIENCED, MISSION-DRIVEN, SUCCESSFUL
A top-flight real estate organization that has been creating thriving multifamily real estate investments—and communities—since 1991
Part of the Wilkinson Family of Companies
The Wilkinson Family of Companies is an integrated collection of real estate investment platforms that have transacted over $3.0 billion of real estate over the last 30+ years.
The firm fields a world-class team that carefully crafts and executes plans to create strong investment results and bring about positive impact on people and the planet.
Proud of Our Accomplishments
Wilkinson has acquired over 14,750 multifamily units across the country and has taken dozens of investment properties full cycle. On average, our multifamily investments have delivered greater-than-anticipated investment and impact-oriented results.
