Grove Parkview
Grove Parkview
Grove Parkview
Your Ongoing Source for Investment Progress and Updates
Your Ongoing Source for Investment Progress and Updates
Check out the most recent updates below
Check out the most recent updates below
February 7, 2025
February 7, 2025
An exciting update on Grove at Parkview as we move closer to closing.
All equity has been secured – we have officially locked in the capital needed to close.
Loan approval is in progress – all required documentation has been submitted, and we are now awaiting the final timeline for closing.
As we near this important milestone, we want to reaffirm our commitment to delivering the promised 27% tax savings from depreciation in Year 1. To ensure this, XSITE Capital is voluntarily allocating a portion of our own tax savings to you, our investors. This is our way of expressing gratitude for your trust, patience, and partnership as we finalize this deal.
The fundamentals of Grove at Parkview continue to strengthen, and we’re excited about the value this investment will create for you. We’re almost there!
January 31, 2025
The underwriting process for our large equity partner is progressing steadily. Once completed, we will move directly into the final approval phase with Fannie Mae. We are making steady progress and remain fully engaged in ensuring a smooth closing.
January 31, 2025
The underwriting process for our large equity partner is progressing steadily. Once completed, we will move directly into the final approval phase with Fannie Mae. We are making steady progress and remain fully engaged in ensuring a smooth closing.
January 31, 2025
The underwriting process for our large equity partner is progressing steadily. Once completed, we will move directly into the final approval phase with Fannie Mae. We are making steady progress and remain fully engaged in ensuring a smooth closing.
January 22, 2025
While we are still pushing to close by January 31st, the timeline will largely depend on the lender’s completion of an additional underwriting process.
This step is required because one of our committed investors is contributing $5 million, which exceeds 10% of the total equity.
We are working closely with the lender to expedite the process and will provide an updated timeline as soon as possible. Please rest assured that progress is steady, and we are doing everything in our power to finalize the deal promptly.
January 22, 2025
While we are still pushing to close by January 31st, the timeline will largely depend on the lender’s completion of an additional underwriting process.
This step is required because one of our committed investors is contributing $5 million, which exceeds 10% of the total equity.
We are working closely with the lender to expedite the process and will provide an updated timeline as soon as possible. Please rest assured that progress is steady, and we are doing everything in our power to finalize the deal promptly.
January 22, 2025
While we are still pushing to close by January 31st, the timeline will largely depend on the lender’s completion of an additional underwriting process.
This step is required because one of our committed investors is contributing $5 million, which exceeds 10% of the total equity.
We are working closely with the lender to expedite the process and will provide an updated timeline as soon as possible. Please rest assured that progress is steady, and we are doing everything in our power to finalize the deal promptly.
January 17, 2025
We remain focused on closing by the end of the month. While we are awaiting exact timelines from the lender, I want to assure you that everything is progressing steadily. We expect to receive more concrete details in the days ahead, and I will communicate those to you as soon as we have them.
January 17, 2025
We remain focused on closing by the end of the month. While we are awaiting exact timelines from the lender, I want to assure you that everything is progressing steadily. We expect to receive more concrete details in the days ahead, and I will communicate those to you as soon as we have them.
January 17, 2025
We remain focused on closing by the end of the month. While we are awaiting exact timelines from the lender, I want to assure you that everything is progressing steadily. We expect to receive more concrete details in the days ahead, and I will communicate those to you as soon as we have them.
December 28, 2024
Equity Raised: We’ve successfully raised well over the equity needed to close this deal. Your belief in this opportunity has made this possible.
Loan Assumption & Timeline: We received confirmation today that the loan assumption process has been re-initiated. Unfortunately, due to the holiday season, the original closing date has shifted to around January 20th to 30th, 2025. Rest assured, we’re working diligently to move things forward.
Investor Benefits: Your first distribution will still proceed as planned after the end of Q1 2025, and we remain committed to delivering the 27% depreciation we promised. To make this happen, XSITE Capital will reallocate some of the depreciation originally intended for us as general partners back to you.
Delays are never ideal, but they don’t change the strength of this asset or our dedication to delivering exceptional results for you as promised.
December 28, 2024
Equity Raised: We’ve successfully raised well over the equity needed to close this deal. Your belief in this opportunity has made this possible.
Loan Assumption & Timeline: We received confirmation today that the loan assumption process has been re-initiated. Unfortunately, due to the holiday season, the original closing date has shifted to around January 20th to 30th, 2025. Rest assured, we’re working diligently to move things forward.
Investor Benefits: Your first distribution will still proceed as planned after the end of Q1 2025, and we remain committed to delivering the 27% depreciation we promised. To make this happen, XSITE Capital will reallocate some of the depreciation originally intended for us as general partners back to you.
Delays are never ideal, but they don’t change the strength of this asset or our dedication to delivering exceptional results for you as promised.
December 28, 2024
Equity Raised: We’ve successfully raised well over the equity needed to close this deal. Your belief in this opportunity has made this possible.
Loan Assumption & Timeline: We received confirmation today that the loan assumption process has been re-initiated. Unfortunately, due to the holiday season, the original closing date has shifted to around January 20th to 30th, 2025. Rest assured, we’re working diligently to move things forward.
Investor Benefits: Your first distribution will still proceed as planned after the end of Q1 2025, and we remain committed to delivering the 27% depreciation we promised. To make this happen, XSITE Capital will reallocate some of the depreciation originally intended for us as general partners back to you.
Delays are never ideal, but they don’t change the strength of this asset or our dedication to delivering exceptional results for you as promised.
December 17, 2024
We have successfully secured commitments for the equity needed to close the Grove Parkview deal!
Your patience and commitment have been instrumental in reaching this milestone, and we truly appreciate the trust you’ve placed in us.
We understand that the journey has taken longer than expected due to the economic landscape and new market cycles. Your support and patience throughout this process have been invaluable. It’s often said that the best opportunities come with challenges, and Grove Parkview is no exception.
December 17, 2024
We have successfully secured commitments for the equity needed to close the Grove Parkview deal!
Your patience and commitment have been instrumental in reaching this milestone, and we truly appreciate the trust you’ve placed in us.
We understand that the journey has taken longer than expected due to the economic landscape and new market cycles. Your support and patience throughout this process have been invaluable. It’s often said that the best opportunities come with challenges, and Grove Parkview is no exception.
December 17, 2024
We have successfully secured commitments for the equity needed to close the Grove Parkview deal!
Your patience and commitment have been instrumental in reaching this milestone, and we truly appreciate the trust you’ve placed in us.
We understand that the journey has taken longer than expected due to the economic landscape and new market cycles. Your support and patience throughout this process have been invaluable. It’s often said that the best opportunities come with challenges, and Grove Parkview is no exception.
December 12, 2024
We wanted to share some highlights from the appraisal of Grove Parkview developed based on guidelines of Uniform Standards of Professional Appraisal Practice (USPAP):
Market Value As-Is (Leased Fee): $60,700,000 as of April 1, 2022
Occupancy: 94.8% as of March 23, 2022
Longevity: Built in 1989, with an estimated economic life of more than 40 more years.
This appraisal confirms what we already knew—Grove Parkview is a valuable, stable, and strong asset.
December 12, 2024
We wanted to share some highlights from the appraisal of Grove Parkview developed based on guidelines of Uniform Standards of Professional Appraisal Practice (USPAP):
Market Value As-Is (Leased Fee): $60,700,000 as of April 1, 2022
Occupancy: 94.8% as of March 23, 2022
Longevity: Built in 1989, with an estimated economic life of more than 40 more years.
This appraisal confirms what we already knew—Grove Parkview is a valuable, stable, and strong asset.
December 12, 2024
We wanted to share some highlights from the appraisal of Grove Parkview developed based on guidelines of Uniform Standards of Professional Appraisal Practice (USPAP):
Market Value As-Is (Leased Fee): $60,700,000 as of April 1, 2022
Occupancy: 94.8% as of March 23, 2022
Longevity: Built in 1989, with an estimated economic life of more than 40 more years.
This appraisal confirms what we already knew—Grove Parkview is a valuable, stable, and strong asset.
December 4, 2024
We've moved all funds received before November into a high-yield savings account. This strategic move means your capital is not only secure but actively generating additional returns before we close on Grove Parkview.
Here are some things to note:
All interest earned will be distributed directly to you
Funds remain fully secure
Earn additional returns on top of projected property performance
This aligns with our commitment to maximizing value at every opportunity while maintaining the highest standards of security and transparency.
December 4, 2024
We've moved all funds received before November into a high-yield savings account. This strategic move means your capital is not only secure but actively generating additional returns before we close on Grove Parkview.
Here are some things to note:
All interest earned will be distributed directly to you
Funds remain fully secure
Earn additional returns on top of projected property performance
This aligns with our commitment to maximizing value at every opportunity while maintaining the highest standards of security and transparency.
December 4, 2024
We've moved all funds received before November into a high-yield savings account. This strategic move means your capital is not only secure but actively generating additional returns before we close on Grove Parkview.
Here are some things to note:
All interest earned will be distributed directly to you
Funds remain fully secure
Earn additional returns on top of projected property performance
This aligns with our commitment to maximizing value at every opportunity while maintaining the highest standards of security and transparency.
November 22, 2024
Investors have not only increased their investments but have brought others along. I want to take a moment to express my deep gratitude to one incredible investor who referred 21 people to join this movement.
This kind of support reaffirms the strength of our community and the shared vision we’re building together.
We’re also in advanced talks with institutional investors who recognize the strength of this deal, but we’d love to welcome more everyday professionals to take part in this incredible opportunity.
November 22, 2024
Investors have not only increased their investments but have brought others along. I want to take a moment to express my deep gratitude to one incredible investor who referred 21 people to join this movement.
This kind of support reaffirms the strength of our community and the shared vision we’re building together.
We’re also in advanced talks with institutional investors who recognize the strength of this deal, but we’d love to welcome more everyday professionals to take part in this incredible opportunity.
November 22, 2024
Investors have not only increased their investments but have brought others along. I want to take a moment to express my deep gratitude to one incredible investor who referred 21 people to join this movement.
This kind of support reaffirms the strength of our community and the shared vision we’re building together.
We’re also in advanced talks with institutional investors who recognize the strength of this deal, but we’d love to welcome more everyday professionals to take part in this incredible opportunity.
November 04, 2024
First, I want to share that we've extended our closing date to December 31st. This decision will allow us to partner with more busy professionals who deserve a chance at financial freedom.
And here's what makes me even more excited about Grove Parkview today.
With interest rates beginning to drop, this property has become an even more compelling opportunity. In my years of investing in deals, Grove Parkview stands out as one of the most promising assets I've encountered. Here's why:
The property's fundamentals remain incredibly strong
Lower interest rates will likely increase property values
Our value-add strategy becomes even more profitable in this environment
The sort of investment you'll look back on years from now with deep satisfaction.
November 04, 2024
First, I want to share that we've extended our closing date to December 31st. This decision will allow us to partner with more busy professionals who deserve a chance at financial freedom.
And here's what makes me even more excited about Grove Parkview today.
With interest rates beginning to drop, this property has become an even more compelling opportunity. In my years of investing in deals, Grove Parkview stands out as one of the most promising assets I've encountered. Here's why:
The property's fundamentals remain incredibly strong
Lower interest rates will likely increase property values
Our value-add strategy becomes even more profitable in this environment
The sort of investment you'll look back on years from now with deep satisfaction.
November 04, 2024
First, I want to share that we've extended our closing date to December 31st. This decision will allow us to partner with more busy professionals who deserve a chance at financial freedom.
And here's what makes me even more excited about Grove Parkview today.
With interest rates beginning to drop, this property has become an even more compelling opportunity. In my years of investing in deals, Grove Parkview stands out as one of the most promising assets I've encountered. Here's why:
The property's fundamentals remain incredibly strong
Lower interest rates will likely increase property values
Our value-add strategy becomes even more profitable in this environment
The sort of investment you'll look back on years from now with deep satisfaction.
JULY 2024
GROVE PARKVIEW UNDER CONTRACT
JULY 2024
GROVE PARKVIEW UNDER CONTRACT
JULY 2024
GROVE PARKVIEW UNDER CONTRACT