Upside Avenue Multi-Housing Income REIT

This public, non-traded Real Estate Investment Trust (REIT) invests in a diversified portfolio of multifamily, senior living, and student housing properties across the U.S.


Investment Highlights

  • This is the first REIT to be listed on the Wealth Migrate Platform
  • Multi-housing income REIT
  • Diversified portfolio of multi-family, student housing and senior living properties
  • Income distributions quarterly
  • Investment holding period 5 years
  • Minimum investment USD 10 000

Investment Overview

Upside Avenue provides access to a professionally managed, diversified portfolio of income-producing multi-housing real estate, once only available to professional and high net-worth investors. As a time-tested investment firm with a proven track record in both up-and-down cycles, we focus on investing for immediate income in areas with strong economics for long-term upside appreciation.

Our investment objectives are the capital appreciation through growth in the value of our properties, and income from cash flow that can be paid as dividends to our investors. We were recently formed as a Maryland corporation to invest in and manage a portfolio of real estate properties. Our investment strategies center on multi-housing within the continental U.S. in the areas of student housing, multi-housing, conventional apartments, and senior living (existing and new development projects). We expect to use substantially all of the net proceeds from this offering to source, acquire, potentially develop, manage, operate, selectively leverage, and sell a diversified portfolio of primarily residential properties. Casoro Investment Advisory Firm, LLC looks to leverage its financial expertise and operational experience in acquiring and repositioning multi-housing properties with upside potential within the continental U.S. We are targeting mid-single digit cap rates with an IRR of 12%+. The expected typical holding period is between 3 to 5 years. We do not expect to invest more than 15% of our assets in any one property.

(Note from Wealth Migrate: The minimum investment amount for US investors directly into the REIT is $2,000. However, as Wealth Migrate is required to create a dedicated, special purpose legal entity to aggregate all our investors, our minimum investment amount is $10,000.)


Market Summary

The Upside Avenue Multi-Housing Income REIT invests in multifamily, senior living, and student housing in select markets across the U.S.

MULTIFAMILY | The renter population is expected to grow significantly from now through 2041. This growth is largely attributable to Millennials who are not ready to commit to home ownership. However, an underlying theme reported by the 2015 census report is that baby boomers are becoming the fastest growing renter demographic in the country. More than 5 million baby boomers are expected to rent their next residence by 20201. Many sources report baby boomers opting for upscale, amenity-rich, multifamily rentals, in urban neighborhoods, which promise flexibility, cultural vibrancy, and a newfound sense of community in apartment homes. Additionally, the Generation Z population, with just 1.9 million less people than the massive Baby Boomer cohort have just begun to enter the rental and student housing market. This massive influx of new renters will only continue to increase the demand within multifamily markets.

SENIOR LIVING | While some of the Baby Boomer population is moving into multifamily properties, an even larger number of older Boomers, or those with failing health, are opting for adult-active and senior living communities. The 65+ population is expanding with the improved longevity of the Boomers’ population.This is only the beginning: by 2030, approximately 21% of the population, or 74 million people, will be past retirement age. Senior living is expected to be the second most active segment of the multi-housing market over the next three years and trends related to older adults will be shaping real estate markets for years to come.

STUDENT HOUSING | One of the most promising demographic trends in the student housing sector is that 70% of college-aged students are choosing to enroll in college courses, as reported by the Bureau of Labor and Statistics. While there was a dip in enrollment between the 2016 and 2017 school years, there are steady increases in enrollment projected through 2022. In addition to these projections, by 2026, there will be 22.6 million people pursuing a post-secondary degree in the U.S., up from 20.4 million in 2017 and just 6.6 million in 1990, according to the National Center for Education Statistics. Finally, many sources are predicting the continued increase in rents in many areas due to the demand for new, nicely-furnished alternatives to the run-down college dorms and off-campus homes. All of these trends point to steady, but strong, growth of the student housing market, for the foreseeable future.

Upside Avenue Multi-Housing Income REIT - Wealth Migrate Marketplace
Casoro Capital Partners, LLC

About the sponsor

Casoro Capital is a single-family office formed for the purpose of building and preserving wealth through multi-housing real estate investing. With deep expertise in multifamily investing, Casoro often serves as the lead investor alongside other family offices and institutional investors seeking multifamily, senior living, and student housing properties throughout the United States.

Growing out of a time-tested, vertically integrated, real estate-focused family enterprise, Casoro Capital’s parent company has deep expertise and bench strength in the multifamily markets having acquired over $1 billion in properties throughout their 15 years of operations.


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