Sandlapper Securities, LLC Raises $29.3 Million to Close Out 2014 and Acquire $42.8 Million for Investors in Five Real Estate Deals
January 6, 2015
GREENVILLE, SC – SANDLAPPER Securities, LLC raised $21.7 million to acquire four securitized land deals on behalf of investors in offerings sponsored by Rome, GA-based Webb Creek Management Group, LLC. They also raised $7.6 million in equity for a single securitized real estate transaction on behalf of investors (who also assumed $13.5 million in debt) through Greenville-based affiliate Sandlapper Student Housing, LLC. These deals totaled $42.3 million in investment real estate to close out 2014.
Webb Creek sponsored investment opportunities in more than 1,250 acres of unimproved lands in Fayette County, WV. Investors in these land deals can either hold the property for investment, development, harvesting for minerals or place in conservancy, preserving the land from future development and mining.
Sandlapper Student Housing sponsored the SL Water’s Edge Apartments, DST a 184 unit student housing apartment complex in Pensacola, FL which was acquired early in Q4 2014. The $7.6 million in equity raised was applied to a $13.5 million first mortgage from Key Bank to acquire the property. Investors in this deal are principally seeking current income and capital appreciation, and many sought to use interests in this Delaware Statutory Trust (“DST”) offering as suitable replacement property for the deferral of capital gains on liquidated real property investments under Internal Revenue Code Section 1031.
Founded in 2005, SANDLAPPER Securities is a full service independent broker dealer and dealer manager of investment products and specializes in many types of tax advantaged investment strategies and products. For more information on SANDLAPPER Securities, LLC visit http://sandlappersecurities.com/.
ABOUT SANDLAPPER SECURITIES, LLC
SANDLAPPER Securities, LLC (Member FINRA/SIPC), is an award winning independent securities brokerage firm with registered representatives located throughout the United States. SANDLAPPER principals and founders Trevor Gordon and Jack Bixler, along with their senior management team bring more than 100 years of financial service, advisory, and management experience to the organization. In 2013 the company was named the number one small business in South Carolina by SC Biz News. The company was also named, for the second year in a row, one of the 5,000 fastest-growing private companies in America in 2014 by Inc. magazine, (ranking # 861) as well as one of the nation’s top 100 Financial Services Companies (ranking #56). They were also named for the second straight year as a top 5 fastest growing company in the state of South Carolina by Greenville Business Magazine. For more information visit www.sandlappersecurities.com
