Offering Summary

PSW Land Investments, LLC (“the Fund”) objective is to acquire strategic land positions in Austin, Dallas, Denver and Seattle to fuel the company’s growth while providing LP investors with a stable 10% preferred return and well-defined exit strategy.

To that end, the Fund has raised $17,492,000 to date ($7.6MM from limited partners and $9.9MM from StoryBuilt) and invested in five highly desirable urban infill sites with estimated gross revenue in excess of $200MM. StoryBuilt’s own investment of $9.9MM in the Fund is a strong testament to the company‚Äôs belief in the long-term value of these assets.

Investment Terms

  • Up to 10,000 Class A units at $5,000 per unit
  • Minimum 10 units ($50,000) per investor
  • Company may acquire property for one year after admission date of first Class A member
  • Preferred Return – 10% per year

Net Cash Flow Distribution

Net proceeds from sale of property to be distributed in the following order:

  1. Repayment of any loans from members
  2. Payment of accrued but unpaid pref from prior property sales;
  3. Repayment of contributions plus pref allocable to the purchase of that property;
  4. Repayment of PSW Real Estate for amount contributed to purchase of property;
  5. Remainder is retained by the company. 

PSW Land Investments, LLC

AssetsMarketTypePriceAcresRev / Value
FelixSeattleMulti-Unit$4,500,0001.1$94,454,000
Ellie MayAustinMulti-Unit$7,400,0004.8$87,000,000
Thornton AssemblageAustinMulti-Unit$4,312,0003.1$73,800,000


Felix
Ellie May
Thornton

SEATTLE – Felix (formerly Alloy)

Site: 5256 Rainier Ave S & 5217 42nd Ave S, Seattle, WA

  • Felix South: Master use permit and demolition permit are issued. Building permits are ready for issuance, pending fee payment. The selected general contractor solicited bids in Q4 2020, and is targeting to issue updated GMP pricing in Q1 2021.

 

AUSTIN – Ellie May (formerly Springdale Farms)

Site: 755 Springdale Rd, Austin, TX 78702

  • All land use entitlements have been received (zoning, extra floor on the commercial site, and building within the floodplain setbacks).

 

AUSTIN – Thornton Assemblage

Site: 2413 Thornton Rd, Austin, TX 78704

  • StoryBuilt continues to work internally on design while watching the residential market. We anticipate to ramp up efforts this year meeting with the city to progress entitlements.