This opportunity is available for investment
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
Key benefits and features of this investment opportunity
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
The real estate has been acquired and redevelopment activities have commenced.
The Project is eligible for and/or has been awarded numerous grants, tax credits, and other subsidies for the Project that may partially offset development costs and/or be distributed to investors.
In aggregate, these various subsidies significantly exceed the Project Company’s initial $18 million purchase price for the underlying building and land.
The Company has a Time Incentive Award Program that provides early Investors with relatively higher preferred return hurdle rates.
For over 55 years, Gordon Property Group has assembled, developed, and operated a broad real estate portfolio.
The Victrix principals have completed 7 adaptive re-use projects totaling $370 million of total investment and Victrix currently has 1.4 million square feet of office-to-multifamily conversions under redevelopment totaling over $300 million of gross investment.
Victrix is one of the most active investors in the adaptive re-use space.
Affiliates of Gordon Property Group, Victrix LLC, and the Victrix principals currently manage 40 assets totaling over $2.5 billion of gross asset value across a wide variety of asset types and strategies, including development, value-add, and long-term investments in residential, office, retail, hospitality, and parking assets.
Realized investments have delivered a weighted-average gross IRR of approximately 18.8% and have returned proceeds of approximately 2.0x of total invested equity.
The Greater Cincinnati metropolitan area is home to 2.3 million people and a growing, diversified economy rooted in health care, education, consumer retail, finance and professional services, technology, and advanced manufacturing.
Since 2018, Cincinnati’s rents have grown at an average rate of 7.0% per year, ranking it 5th among the Top 30 largest markets in terms of average annual rent growth during this time.
Furthermore, Cincinnati boasts one of the lowest supply pipelines in this peer group, indicating that apartment owners will face less competition from new construction than in some other markets.
The offering documents below have been prepared and are being delivered by the Sponsor of this investment opportunity.
Get help from our team of investment specialists or use our portfolio builder tool to model this investment in your 1031 exchange strategy.
Offering Type
Multifamily
Asset Class
Opportunity Zone Development
Location
Cincinnati, OH
Please refer to the Victrix-Gordon Carew Tower QOF LLC - Private Placement Memorandum for more details regarding distributions and risk factors of the investment.
Gordon Property Group-Victrix (GPG-Victrix)
For over 55 years, Gordon Property Group has assembled, developed, and operated a broad real estate portfolio. The Company has focused on acquiring properties in exceptional locations, initially in New York City and later across the United States. Notable office holdings include 860 Broadway, directly on Manhattan’s Union Square, and 441 Lexington Avenue, across from Grand Central Station. Premier luxury properties include The Alyn on Manhattan’s Upper East Side and the Bridgehampton Tennis and Surf Club fronting the Atlantic Ocean on the South Fork of Long Island. Meyers Parking, the parking affiliate of GPG, owns six garages in Manhattan and is the official parking company for Madison Square Garden, home of the New York Knicks and New York Rangers.
In January 2021, Timothy Gordon partnered with Anoop Davé, one of the foremost adaptive-reuse specialists in the United States, to launch Victrix LLC. Victrix, which is an affiliate of Gordon Property Group, is highly focused on the rapidly expanding opportunity to convert underutilized office assets to multifamily and other alternative uses. The decision to partner together to form Victrix came after an affiliate of Gordon Property Group invested in two successful office-to-residential conversions led by Mr. Davé at his previous firm. Mr. Davé serves as Victrix’s Chief Executive Officer and Mr. Gordon serves as the firm’s President. Some of the key members of the Victrix team – comprised of both internal dedicated employees and external specialists such as architects, engineers, and contractors – have worked together on adaptive-reuse projects for over 15 years.
Affiliates of Gordon Property Group, Victrix LLC, and the Victrix principals currently manage 40 assets totaling over $2.5 billion of gross asset value across a wide variety of asset types and strategies, including development, value-add, and long-term investments in residential, office, retail, hospitality, and parking assets. In addition, these affiliates have sold 10 assets representing total gross investment (debt and equity) of over $490 million. Realized investments have delivered a weighted-average gross IRR of approximately 18.8% and have returned proceeds of approximately 2.0x of total invested equity.
For more information, view the .
All details presented on this page are subordinate to and qualified entirely by the comprehensive information contained within the Sponsor's official Investment Documentation. The content displayed here remains incomplete and may be modified by the Sponsor without notice prior to closing. The Sponsor's Investment Documentation and related materials include critical details regarding investment goals, business strategies, potential risks, fees, costs, and additional material information that should be thoroughly evaluated before making any investment decision. The information presented on this page is insufficient for making informed investment choices.
This investment is speculative, highly illiquid, and involves substantial risk. There can be no assurances that all or any of Sponsor's assumptions, expectations, estimates, goals, hypothetical illustrations, or other aspects of Sponsor's business plans ("Assumptions") will be true or that actual performance will bear any relation to Sponsor's Assumptions, and no guarantee or representation is made that Sponsor's Assumptions will be achieved. If Sponsor does not achieve its Assumptions, your investment could be materially and adversely affected. A loss of part or all of the principal value of your investment may occur. You should not invest unless you can readily bear the consequences of such loss. Sponsor's Assumptions should not be relied upon as the primary basis for your decision to invest.
Sponsor is solely responsible for statements made concerning forward-looking statements and Assumptions, which apply only as of the date made, are preliminary and subject to change, and are expressly qualified in their entirety by the disclosures and cautionary statements included in Sponsor's Investment Documents, which you should carefully review. A Sponsor is obligated to update or revise such forward-looking statements or Assumptions to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Sponsor's forward-looking statements and Assumptions are hypothetical, not based on actual investment achievements or events, and are presented solely for purposes of providing insight into the Sponsor's investment objectives, detailing Sponsor's anticipated risk and reward characteristics, and establishing a benchmark for future evaluation of actual results; therefore, they are not a predictor, projection, or guarantee of future results. You should not rely on Sponsor's forward-looking statements as a basis to invest.
Importantly, we do not adopt, endorse, or provide any assurance of returns or as to the accuracy or reasonableness of Sponsor's Assumptions or forward-looking statements.
Any reference to historical performance does not indicate future results and should not be considered the primary factor in investment decisions.
Sponsor's securities offering will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), in reliance upon the exemptions from registration pursuant to Rule 506(c) of Regulation D as promulgated under the Securities Act ("Private Placement"). In addition, the offering will not be registered under any state securities laws in reliance on exemptions from state registration. Such securities (your ownership interests) are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable state and federal securities laws pursuant to registration or an available exemption. All Private Placements on the Platform are intended solely for "Accredited Investors," as that term is defined in Rule 501(a) under the Securities Act.
Nothing presented on this page constitutes investment advice (whether regarding specific securities or overall investment strategies), recommendations, offers to sell, or solicitations to purchase any security. Professional securities advice is strongly recommended to comprehend and evaluate the risks inherent in real estate or private placement investments.
Internal Revenue Code Section 1031 ("Section 1031") involves intricate tax principles, and tax implications may differ based on individual investor circumstances. Anchor1031, LLC and Quincy Wells Capital, LLC provide no representations or warranties regarding the tax consequences of your investment or whether the IRS will accept such tax treatment. Consultation with and reliance upon your personal tax advisor regarding tax implications specific to your situation is essential.
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
Key benefits and features of this investment opportunity
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
The real estate has been acquired and redevelopment activities have commenced.
The Project is eligible for and/or has been awarded numerous grants, tax credits, and other subsidies for the Project that may partially offset development costs and/or be distributed to investors.
In aggregate, these various subsidies significantly exceed the Project Company’s initial $18 million purchase price for the underlying building and land.
The Company has a Time Incentive Award Program that provides early Investors with relatively higher preferred return hurdle rates.
For over 55 years, Gordon Property Group has assembled, developed, and operated a broad real estate portfolio.
The Victrix principals have completed 7 adaptive re-use projects totaling $370 million of total investment and Victrix currently has 1.4 million square feet of office-to-multifamily conversions under redevelopment totaling over $300 million of gross investment.
Victrix is one of the most active investors in the adaptive re-use space.
Affiliates of Gordon Property Group, Victrix LLC, and the Victrix principals currently manage 40 assets totaling over $2.5 billion of gross asset value across a wide variety of asset types and strategies, including development, value-add, and long-term investments in residential, office, retail, hospitality, and parking assets.
Realized investments have delivered a weighted-average gross IRR of approximately 18.8% and have returned proceeds of approximately 2.0x of total invested equity.
The Greater Cincinnati metropolitan area is home to 2.3 million people and a growing, diversified economy rooted in health care, education, consumer retail, finance and professional services, technology, and advanced manufacturing.
Since 2018, Cincinnati’s rents have grown at an average rate of 7.0% per year, ranking it 5th among the Top 30 largest markets in terms of average annual rent growth during this time.
Furthermore, Cincinnati boasts one of the lowest supply pipelines in this peer group, indicating that apartment owners will face less competition from new construction than in some other markets.
The offering documents below have been prepared and are being delivered by the Sponsor of this investment opportunity.
Get help from our team of investment specialists or use our portfolio builder tool to model this investment in your 1031 exchange strategy.
Offering Type
Multifamily
Asset Class
Opportunity Zone Development
Location
Cincinnati, OH
Please refer to the Victrix-Gordon Carew Tower QOF LLC - Private Placement Memorandum for more details regarding distributions and risk factors of the investment.
Gordon Property Group-Victrix (GPG-Victrix)
For over 55 years, Gordon Property Group has assembled, developed, and operated a broad real estate portfolio. The Company has focused on acquiring properties in exceptional locations, initially in New York City and later across the United States. Notable office holdings include 860 Broadway, directly on Manhattan’s Union Square, and 441 Lexington Avenue, across from Grand Central Station. Premier luxury properties include The Alyn on Manhattan’s Upper East Side and the Bridgehampton Tennis and Surf Club fronting the Atlantic Ocean on the South Fork of Long Island. Meyers Parking, the parking affiliate of GPG, owns six garages in Manhattan and is the official parking company for Madison Square Garden, home of the New York Knicks and New York Rangers.
In January 2021, Timothy Gordon partnered with Anoop Davé, one of the foremost adaptive-reuse specialists in the United States, to launch Victrix LLC. Victrix, which is an affiliate of Gordon Property Group, is highly focused on the rapidly expanding opportunity to convert underutilized office assets to multifamily and other alternative uses. The decision to partner together to form Victrix came after an affiliate of Gordon Property Group invested in two successful office-to-residential conversions led by Mr. Davé at his previous firm. Mr. Davé serves as Victrix’s Chief Executive Officer and Mr. Gordon serves as the firm’s President. Some of the key members of the Victrix team – comprised of both internal dedicated employees and external specialists such as architects, engineers, and contractors – have worked together on adaptive-reuse projects for over 15 years.
Affiliates of Gordon Property Group, Victrix LLC, and the Victrix principals currently manage 40 assets totaling over $2.5 billion of gross asset value across a wide variety of asset types and strategies, including development, value-add, and long-term investments in residential, office, retail, hospitality, and parking assets. In addition, these affiliates have sold 10 assets representing total gross investment (debt and equity) of over $490 million. Realized investments have delivered a weighted-average gross IRR of approximately 18.8% and have returned proceeds of approximately 2.0x of total invested equity.
For more information, view the .
All details presented on this page are subordinate to and qualified entirely by the comprehensive information contained within the Sponsor's official Investment Documentation. The content displayed here remains incomplete and may be modified by the Sponsor without notice prior to closing. The Sponsor's Investment Documentation and related materials include critical details regarding investment goals, business strategies, potential risks, fees, costs, and additional material information that should be thoroughly evaluated before making any investment decision. The information presented on this page is insufficient for making informed investment choices.
This investment is speculative, highly illiquid, and involves substantial risk. There can be no assurances that all or any of Sponsor's assumptions, expectations, estimates, goals, hypothetical illustrations, or other aspects of Sponsor's business plans ("Assumptions") will be true or that actual performance will bear any relation to Sponsor's Assumptions, and no guarantee or representation is made that Sponsor's Assumptions will be achieved. If Sponsor does not achieve its Assumptions, your investment could be materially and adversely affected. A loss of part or all of the principal value of your investment may occur. You should not invest unless you can readily bear the consequences of such loss. Sponsor's Assumptions should not be relied upon as the primary basis for your decision to invest.
Sponsor is solely responsible for statements made concerning forward-looking statements and Assumptions, which apply only as of the date made, are preliminary and subject to change, and are expressly qualified in their entirety by the disclosures and cautionary statements included in Sponsor's Investment Documents, which you should carefully review. A Sponsor is obligated to update or revise such forward-looking statements or Assumptions to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Sponsor's forward-looking statements and Assumptions are hypothetical, not based on actual investment achievements or events, and are presented solely for purposes of providing insight into the Sponsor's investment objectives, detailing Sponsor's anticipated risk and reward characteristics, and establishing a benchmark for future evaluation of actual results; therefore, they are not a predictor, projection, or guarantee of future results. You should not rely on Sponsor's forward-looking statements as a basis to invest.
Importantly, we do not adopt, endorse, or provide any assurance of returns or as to the accuracy or reasonableness of Sponsor's Assumptions or forward-looking statements.
Any reference to historical performance does not indicate future results and should not be considered the primary factor in investment decisions.
Sponsor's securities offering will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), in reliance upon the exemptions from registration pursuant to Rule 506(c) of Regulation D as promulgated under the Securities Act ("Private Placement"). In addition, the offering will not be registered under any state securities laws in reliance on exemptions from state registration. Such securities (your ownership interests) are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable state and federal securities laws pursuant to registration or an available exemption. All Private Placements on the Platform are intended solely for "Accredited Investors," as that term is defined in Rule 501(a) under the Securities Act.
Nothing presented on this page constitutes investment advice (whether regarding specific securities or overall investment strategies), recommendations, offers to sell, or solicitations to purchase any security. Professional securities advice is strongly recommended to comprehend and evaluate the risks inherent in real estate or private placement investments.
Internal Revenue Code Section 1031 ("Section 1031") involves intricate tax principles, and tax implications may differ based on individual investor circumstances. Anchor1031, LLC and Quincy Wells Capital, LLC provide no representations or warranties regarding the tax consequences of your investment or whether the IRS will accept such tax treatment. Consultation with and reliance upon your personal tax advisor regarding tax implications specific to your situation is essential.
