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New Investment Opportunity in Sarasota, FL

Phase 1 Sold out! Now Accepting Investments for Phase 2.

We are excited to announce that Scale My Portfolio and Nassau Investments are partnering on the next investment opportunity that is under contract to purchase land to develop a mixed-use (Hilton Hotel & Luxury Condos) high rise building in downtown Sarasota, FL.

Sarasota, FL:

#1 Best Place to Retire in the US - 2021-2022
#2 Fastest-Growing Places in the US - 2021-2022
#9 Best Places to Live in the US - 2021-2022
-US News and World Report

Financial Highlights:

  • Projected Total Annual Return: 20.39% (IRR)
  • Projected Hold Time: 8 years (conservative, may be much shorter)
  • Projected Equity Multiple: 2.51x (this means if you invest $100k, you are projected to have $251k at the end of the hold period including your initial investment)
  • Annual Preferred Return: 6% (this is paid while the property is being held until your initial capital is returned and will be replaced by cashflow from the hotel)
  • Initial investor capital returned by: approx. 3 years

Next Steps:

  • For a recorded webinar presentation about the opportunity, please make sure to join our Investor Club
  • If you are ready to move forward and commit to investing in this opportunity, please let us know here

If you are a new investor with us, we highly recommend that you review the New Investor Webinar recording from January 29th, 2022 as well.

I am interested in this Investment
New Investor Webinar

Location:

  • The Sarasota market has experienced tremendous growth in the last few years with both retirees and families seeking a city with great quality of life.
  • Strong population growth is forecasted as almost 4,000 residential units are expected by 2023. Sarasota also has a strong tourism driven economy.
  • The property location is in the heart of downtown Sarasota on Main street in close vicinity of restaurants, bars, shopping and entertainment.

Property Details:

  • The proposed Tapestry Collection by Hilton will be a unique soft brand boutique product and the newest hotel in the market with 7,000 square feet of meeting space, two street level restaurants, garage parking and an upper floor pool and bar.
  • The proposed hotel will also be one of only two full-service Hilton brands in Downtown Sarasota.
  • Additionally the top floors of the building will have 47 upscale condos that will go on sale during the construction phase of the building.
  • The goal is to sell all the luxury condos to pay for a good portion of the hotel construction and pay off most of the debt and return all the investor capital as soon as possible and still keep the investor equity in the luxury Hilton hotel. This will enable investors to benefit from the cashflow and eventual sale of the hotel.

Investor Eligibility:

  • This is a 506(c) investment opportunity and only available to Accredited Investors (Definition)
  • Non-accredited investors, unfortunately, will need to wait until the next 506(b) opportunity
  • Minimum investment: $50,000

Funding Sources you can use:

  • Cash
  • Retirement Funds (IRAs or previous employer 401ks --> can be converted to Self-Directed IRA's to invest in real estate without tax implications)

Useful links:

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