Offering Summary

PSW Land Holdings, LLC (“the Fund”) objective is to acquire strategic land positions in Denver and Seattle to fuel the company’s growth while providing LP investors with a stable 12% preferred return and well-defined exit strategy.

To that end, the Fund has raised $6,680,000 to date ($3.15MM from limited partners and $3.53MM from StoryBuilt) and invested in 3 highly desirable urban infill sites with estimated gross revenue in excess of $70,000,000. StoryBuilt’s own investment of $3.53MM in the Fund is a strong testament to the company’s belief in the long-term value of these assets.

Investment Terms

  • Preferred Return – 12% per year
  • Up to 5,000 Class A units at $5,000 per unit
  • Minimum 20 units ($100,000) per investor
  • Preferred Returns paid at the end of the project

Net Cash Flow Distribution

Net Cash flow to be distributed in the following order:

  1. Where proceeds are from a company (e.g. Stanley, Archie, etc.):
    • Preferred return on capital invested in that company; then
    • Return of capital invested in that company; then
    • Same as general cash flow (see below)
  2. For cash flow generally:
    • Accrued but unpaid Preferred return; then
    • Return of capital contributions, until investors are fully repaid;
    • Remaining Net Cash Flow to the Class B Member.

PSW Land Holdings, LLC

AssetsMarketTypeAcres
ArchieDenverCondo0.8
StanleySeattleTownhomes / Condos0.4


Archie.
Stanley.

DENVER – Archie (formerly Glenarm)

Site: 2137 Glenarm Place, Denver, CO 80205


ENTITLEMENT + PERMIT UPDATES

Updated: 30 July 2021 | 3:00pm CST

  • Submitted rezoning application for 2137 Glenarm in June 2021 and preparing to submit the Site Development Plan application to the City of Denver in Q4 2021.
  • Re-engaged project architect to advance conceptual design and continue to assemble consultant team for a Q3 2021 Schematic Design kickoff.
  • The Denver market has performed well in recent quarters helping unlock value on the site and StoryBuilt’s other local developments. With that, we are actively pursuing purchase of adjacent parcel at 2115 Glenarm to control entire block, which will increase combined land value and provide additional mixed-use opportunities.

StoryBuilt acquired 2137 Glenarm Place, a 0.79-acre urban infill development site east of Downtown Denver. We intend to break ground within 2 years on 80–110 condominiums in a 5-story structure. While current R3 zoning allows both 5-story condo and 3 story townhomes, a rezone to C-RX-5 or C-RX-8 will achieve optimal results. The abutting Historic District provides residential character on 3 sides while being in the urban core. The Registered Neighborhood Organization supports higher, 8-story density. This dynamic location is seeing intense new development, including 12 and 18-story luxury rental projects by TCR and Lennar within 2 blocks.

The Property is highly walkable and conveniently located near light rail at the borders of the Uptown and Arapahoe Square neighborhoods, between the CBD to the west and Five Points to the east.

Estimated Value
$81,120,000 in estimated revenue

Land Cost

  • Land Cost – $3,750,000
  • Land Holdings Position (15.87%) – $595,000

Exit
Expect to begin vertical construction by Summer 2021

 

SEATTLE – Stanley (formerly Georgetown)

Site: 6600 Carleton Ave South, Seattle, WA 98108


ENTITLEMENT + PERMIT UPDATES

Updated: 30 July 2021 | 3:00pm CST

  • All permits have been approved and are ready to be picked up.
  • Financing and equity discussions are moving along to target a late ‘Q3/early ‘Q4 construction start.