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44 East – Austin isn't accepting new investments

44 East – Austin’s deadline was July 22, 2020

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44 East – Austin

Invest in 44 East, one of Austin's most spectacular new residential condos
Real Estate B2C Local Residential Real Estate
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Featured image of 44 East – Austin
Fully Funded
$193,500
Raised
520
Investors
Successfully funded and closed on July 22, 2020.
Invest in 44 East – Austin
Pitch Updates 2 Reviews 147
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Closed on July 22, 2020. Information may not be up-to-date. Campaign closed on July 22, 2020. Information displayed may not be up-to-date.

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Compound Projects, LLC Series #44 East. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
44 East – Austin IPA 44 East – Austin Form C.pdf
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Hear from some of the 520 investors in 44 East – Austin


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The Property

A study in urban sophistication, 44 East Ave, a 49-story, 322-unit residential condominium has been designed to make the most of the unique location and to fully capture the spectacular views of Lady Bird Lake and downtown Austin — a bridge between the natural environment and the city. Every detail of each floor plan has been carefully considered and designed to take advantage of the expansive view from each home.

A multitude of gathering spaces comprise over 13,000 square feet of beautiful common areas and amenity spaces, all designed by award-winning architect Michael Hsu Office of Architecture. Outside, “green” exterior walls and massive heritage trees blend seamlessly with the lake, park, and Austin’s downtown.

The lobby is highlighted by the glass atrium which amplifies the neighboring park, water, and urban settings.

* All images are renderings

Our Unit

Unit #2211, a 768 square foot, one bedroom, one bath apartment with South-facing views of Lady Bird Lake.

The kitchen includes premium Bosch appliances with Itakraft millwork and cabinetry that is both elegant and more efficient than is typically found in condominium homes.

The elegant bathroom includes engineered stone tile blanketing the walls and floor.

* All images are renderings.

Floor Plan

Unit 2211 | 768 Sq. Ft. | 1 Bedroom | 1 Bathroom    


The Offering

We think everybody should be able to participate in the growth and prosperity of the cities and neighborhoods they are helping to build.

Compound is the easy way to build a diversified portfolio of beautiful apartments in some of the world's best cities. Compound slices each apartment into 100,000 equity interests so investors can realize the economic benefits of ownership without the hassles and headaches. Receive potential dividends from rental income and build wealth through potential appreciation.

Financial Overview

On January 7th, 2020 we entered into a purchase and sale agreement to acquire unit 2211 for $570,750. We have estimated a total capitalization for the acquisition to be $645,000 which includes closing costs associated with the purchase of the property, offering costs, (for this offering and potentially other equity offerings), fees paid to Republic, and operating and capital reserves. In the event that we have overestimated the total capital required, we intend to distribute any excess capital to investors. The closing of the acquisition is expected to take place in the Fall of 2021.

Following the completion of the purchase and sale, we intend to lease the apartment and operate as a traditional rental unit. Once the property is rented, we intend to make semi-annual dividend payments based on cash available.

* All financial figures are estimates only. These estimates are not based on actual investment results and are not guaranteed of future results.

Returns

We intend to hold the property for a period of 3-5 years after we complete the acquisition. Total return on investment will consist of a combination of current income that will be received during the time we hold this property and capital appreciation that may be realized when we sell the property. 

Please refer to the FAQs for more information about return estimates.


The Location

44 East Avenue, Austin, Texas

Austin

Austin is the "Live Music Capital of the World", the capital of Texas and also the home of the University of Texas at Austin. Over the past 25 years, Austin has emerged as a center for technology and business. A number of Fortune 500 companies have headquarters or regional offices in Austin, including Amazon, Apple, Google, and Whole Foods Market. Dell's worldwide headquarters is located in the nearby suburb of Round Rock.

Inc.'s recently published “50 Best U.S. Cities for Starting a Business in 2020,” Austin topped the charts at number one (which surprised nobody). Rankings considered a number of factors, including job creation, early-stage funding deals, and population growth, among other indicators.

It isn't just the corporate and startup types who love Austin, but plenty of celebrities are choosing to make Austin their homes, too. Matthew McConaughey, Ciara, Owen Wilson, Sandra Bullock, Lance Armstrong, Andy Roddick and Elijah Wood are long-time residents.

Rainey Street Historic District

The Rainey Street Historic District is a neighborhood of historic homes, many of them bungalow style, in downtown Austin. Rainey Street is lined with craftsman houses that are actually bars, string-light covered patios, food trucks, craft cocktails, and a constant stream of people looking to party.

But fear not, Rainey Street has definitely not lost its charm; homey bungalows and fairy lights line the patios. This area embodies the ideal combination; giving you neighborhood feels and an itch to party all at the same time.

Market Data

Home values in Austin have appreciated by 63.8% over the past 10 years including 4.2% over the past year. 

* Zillow Home Value Index (ZHVI): A smoothed, seasonally adjusted measure of the typical home value and market changes across a given region and housing type. Based on data as of 4/30/2020.

Rental rates in Austin have appreciated by 13.1% over the past 5 years including 2.2% over the past year. 

*Zillow Observed Rent Index (ZORI): A smoothed measure of the typical observed market rate rent across a given region. Based on data as of 4/30/2020.

Property details


Name
44 East – Austin
Address
44 East Avenue
Austin, TX
Type
Condo
Investment profile
New development
Year built
2021
The property was built (or is expected to be completed) in 2021.
Total capitalization
$645,000
The total cost of the property or project.
Anticipated hold period
3-5 years
The amount of time the property will be held before being sold.
Annual dividend
2.3%
Financial ratio that shows how much is paid in dividends each year relative to the capital invested. Note: this is an estimate.

Deal terms


Minimum investment

$258

The smallest investment amount that 44 East – Austin is accepting.
Learn more

Maximum investment

$63,210

The largest investment amount that 44 East – Austin is accepting.
Learn more

Funding goal

$193.5K

44 East – Austin must achieve its minimum goal of $64.5K before the deadline. The maximum amount the offering can raise is $193.5K.
Learn more

Deadline
44 East – Austin needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd IPA

Crowd IPA (Interests Purchase Agreement) is a simple agreement to acquire membership units of a limited liability company.
Learn more

Price per security

$6.45

The price of each membership unit.
Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Compound Projects, LLC Series #44 East. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
44 East – Austin IPA 44 East – Austin Form C.pdf

About Compound Projects

Legal Name
Compound Projects, LLC Series #44 East
Founded
Sep 2019
Form
Delaware LLC
Employees
0
Website
getcompound.com
Social Media
Headquarters
Google Map location of of 44 East – Austin
335 Madison Avenue 16 , New York, NY
Headquarters
335 Madison Avenue, 16, New York, NY, United States 10173

Compound Projects Team
Everyone helping build Compound Projects, not limited to employees

Profile picture of Janine Yorio
Janine Yorio
CEO
Profile picture of Jesse Stein
Jesse Stein
COO
Profile picture of TJ Kawamura
TJ Kawamura
Product
Profile picture of Julia Schwartz
Julia Schwartz
Biz Dev
Profile picture of Jawwad Khan
Jawwad Khan
Biz Dev
Profile picture of Kostas Ketikidis
Kostas Ketikidis
Investor Relations
Profile picture of Dominic Jankovic
Dominic Jankovic
Engineering
Profile picture of David  Felipe
David Felipe
Design
Profile picture of Ahnaf Taha
Ahnaf Taha
Intern
6 more team members
Janine Yorio
CEO
Jesse Stein
COO
TJ Kawamura
Product
Julia Schwartz
Biz Dev
Jawwad Khan
Biz Dev
Kostas Ketikidis
Investor Relations
Dominic Jankovic
Engineering
David Felipe
Design
Ahnaf Taha
Intern

Press

Micro-investing Offers Accessibility For Small Investors ...
The Real Deal New York The Real Deal New York
·
Feb 23, 2020

So-called micro-investing in private real estate is an increasingly accessible option for investors looking to diversify ...

What we love about the Historic Rainey Street District
Medium Medium
·
Jan 16, 2020

It's as clear as day why we're big fans of Rainey. When serial nightclub owner Bob Woody (also known as the Mayor of Aust...

Point, Click, Own: Firms Transform How to Buy Investment ...
WSJ WSJ
·
Jan 7, 2020

This article is part of a Property Report package looking at small investors and real estate, from new ways for individua...

Logo of 44 East – Austin

44 East – Austin

44 East – Austin successfully raised $193,500 from 520 investors on July 22, 2020
Profile picture of Latoya Williams
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Profile picture of Karl Chester
Latoya, Kevin, Dave, Heriberto, Karl, and 515 others invested. 147 Reviews
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