The Fund…………….. AvenueWest Investment Fund I, LLC, a Delaware limited liability company (the “Fund”).
Term…………….. 10 years.
Investment Strategy……………. The Fund’s investment strategy is to acquire, and provide short-term rentals of, corporate housing properties (the “Investments”).
The Offering ……………. The Fund is seeking to raise not less than $1,000,000 and up to $10,000,000 in capital commitments.
The Manager ……………. AvenueWest Management, LLC, a Colorado limited liability company, will serve as the manager of the Fund (“Manager”). The Manager is also the sole Class B Member of the Fund (the “Class B Member”).
Distributions……………. The Fund intends to distribute available cash generated from Investments (including rental income) and from realizations and liquidations of Investments as soon as is reasonably practicable, taking into account the cash needs of the Fund. The Fund may, in the discretion of the Manager, after the divestiture or liquidation of an Investment, retain and reinvest such proceeds into additional Investments during the Reinvestment Period.
Fund I will continue the proven real estate investment strategy AvenueWest has been doing for individual investors for almost 20 years.
Since 1999, AvenueWest Corporate Housing has been an active leader in the $3.6 billion dollar US Corporate Housing Industry.
AvenueWest Global Franchise is an expanding and award-winning network of direct owner-operated corporate housing real estate management brokerages focused on the quality management and leasing of over $150,000,000 million in furnished residential properties.
Industry trends forecast private residences offered as corporate housing will replace more transient furnished apartments traditionally found in the corporate housing industry and will increase the demand from the business traveler.
AvenueWest’s investment strategy of focusing on underserved managed corporate housing markets and markets with growth potential will increase fund returns.
The AvenueWest business model of hands-on owner/broker operational management system will result in higher occupancies and rental rates and will minimize maintenance costs.
The AvenueWest Team of real estate agents/franchisee owners will:
- Assist locally in identifying properties with the highest financial returns.
- Assist with the furnishing of the properties to the AvenueWest standards.
- Provide the day-to-day management of the properties in their market based on the AvenueWest model.
The AvenueWest Management Team is lead by executives with over 25 year of industry experience with extensive understanding of market dynamics and ability to identify opportunities in this specific asset class.