All three locations were chosen with a fundamental-first philosophy including above average rent rates and population growth.
Investors are entitled to receive a 9% annual preferred return on their investment and excess cashflow is split 50/50 after the 9% return is paid. In the case of a refinance or sale, investors receive 100% of their accrued preferred return and equity investment, then excess return is split 50/50 with the General Partner.
Benzinga's principals are investing $100,000+ into the deal as Limited Partners.