New Apartment Project – Sweetbriar Apartments

Sweetbriar Apartments

We are proud to announce our newest multi-family investment offering, Sweetbriar Apartments! This opportunity consists of 78 high quality apartment

units situated in 11 buildings located on a 5.95 acre hilltop site with dramatic views of the Cincinnati skyline. Sweetbriar is a fully amenitized complex, including a swimming pool, landscaped sun deck and laundry facilities in three buildings.

This is an attractive and assumable project at 5.67% interest coming due in 2015. This provides for an excellent stabilitization window going into a refinance or sale at the end of the term. It also allows for a future profitable sale via assumption to another buyer after the project is re-stabilized in 18-24 months.

This project is a “value-play” investment with attractive appreciation potential while still earning tax advantaged cash flow along the way.

Some key facts about this property:

1. Great property in great location with management and maintenance opportunities.
2. Estimated IRR Range 18% – 24%
3. B- Property in B+ location.  Room for material upside.
4. Outstanding location in the sought after area of Newport Kentucky (aka the “South Shore” of Cincinnati) with outstanding views of the downtown and river complex.
5. Only multi-family complex in all of Newport with views of downtown/waterfront.
6. All brick buildings in great structural condition and good onsite amenities
7. Opportunities for other income and rental rate improvement.

If you would like to learn more about this exciting investment and how you can participate in the most stable asset class in real estate right now, contact Ed Barriskill at 925.899.5192 or ebarriskill@37parallel.com TODAY.

“Referral Program for Life” – Updated and Improved
As most of you know, our business is grown primarily through referrals from great clients, partners, and friends just like you.  In our continued commitment to constant and continuous improvement, we have upgraded and formalized our referral program.

To learn more about how you could earn an extra $10,000 (or more) this year, go  to www.37parallel.com/refer, or contact Ed Barriskill at ebarriskill@37parallel.com or (925) 899-5192 TODAY.

Weekly Wealth Tactics is now LIVE!

Imagine receiving a new proven Wealth Tactic every week from professionals with over 50 years of combined experience in real estate, investing, and portfolio consulting.  Wealth Tactics is an incredibly valuable knowledge resource and we honestly should be charging for this….(a lot) . Ultimately though we feel this information is fundamental to the success of any real estate investor and we think our family of investors and friends should have it for free (at least for now). If you are interested in Weekly reminders and tips on ways you can accelerate your wealth through real estate Investing, just sign up at http://www.37parallel.com/email/ to accelerate your growth!

“Education is learning what you didn’t even know you didn’t know” (D. Boorstin)

1. Excerpt/Example 1 – A Reality Check and the Next 60 Years…
   “…Recently, I heard on a radio show that smart nutritional choices, regular exercise and stress free living (including plenty of sleep), coupled with recent and upcoming technological advances will make living well past 100 an achievable accomplishment in the not too distant future. Obviously, there are things that we can’t control – like accidents and common diseases. But there are a lot things we can control in our everyday lives. By making good decisions now we can control a good part of our destiny and what happens to us in the future.”
2. Except/Example 2 – Economic forecast from a 37th Parallel investor
   “At 37th Parallel, our investors are made up of a incredibly diverse group of individuals from School Teachers to Lawyers to CPA’s to Brokers to… well, you get the picture. We felt it would be a great idea to send out an economic viewpoint from one of our current investors, Mike Arnold, a partner in a risk management and consulting firm that specializes in banking and financial services (www.alcopartners.com/)… in other words, his opinion is pretty qualified; Enjoy!…
3. Except/Example 3 – Climbing to 14,495 ft in 1 day!
   “It comes as no surprise to most of you that Ed and Chad like challenges. On Monday August 3rd at 3:30 AM in the morning, Ed Barriskill and Chad Doty started at the Mt. Whitney Trail head some ~8,700 feet up…”

View and bookmark our blog to see them all

Hunters Point apartments is now closed and is transferring to operations.  It is a very stable high-quality apartment project which is already showing great signs such as:

1. The property is 100% occupied with no lease exposure until April/May of 2010.
2. We’ve already received some renewal requests for 2010, as the Oldham Goodwin Group, our Property Manager, has an excellent track record in College Station.
3. The management transition process has already started and on a positive note, we’ll be able to keep the current maintenance person thus providing for some great knowledge transfer.
4. The 30, 60, 90 day improvement plan has already been drafted and is beginning implementation.

November 2009

• Date(s) – TBD: Sweetbriar Apartments Project Review Webinar
• Note – All other public events will be sent within a seperate communication.

***Note, Preferred 10/10 member schedules to be sent via separet email.  If you have questions regarding the 10/10 Training Schedule, please contact Barb Grzella at bgrzella@37parallel.com

Barbara Thomas, a current investor, is a semi-retired nurse with an amazing network of family (husband, son, and daughter) and friends.  She is officially retired, but because of who she is, we expect that she will be part-time in a lot of different consulting, investing, and charitable activities for a long time to come.  Barbara is an investor in several of our commercial investments (Brazos, Marriot, etc)  and has been with us since the very beginning.   As a 37th Parallel Properties investor, Barbara is part owner of the top performing Courtyard Marriot in the country (New Braunfels, TX), and a 100% occupied 134 unit apartment project in College Station, TX.
“I have known Chad and his business partner Ed, for almost three years. I can tell you  that as an investor I am very satisfied with what they have done with my money.  One is always encouraged to diversify but quite frankly, I wish I had invested more with 37th Parallel.

I just returned from a four day trip to Texas where some other investors and myself went with Ed for the grand opening of the Marriott hotel that we watched from ground breaking to completion. It was great to be a guest in a first class hotel that you know you own and to also know the profits for the first three months far exceeded expectations. While there, we had the opportunity to also visit another apartment that I invested in called Brazos along with several other places that 37th parallel have shared with investors. Every place we saw was well maintained and fully occupied. I can only say that these two men have a very knowledgeable team that works with them. So you have multiple checks and balances occurring before decisions are made . Couple that with their straight up integrity… you can’t lose.

It can be scary to put your money out there, but if you do with this group I assure you that you will have less sleepless nights. Good luck!”

For more information regarding the Multi-family Asset Management (MFAM) Program, please contact Ed Barriskill at ebarriskill@37parallel.com or 925.899.5192.

From time to time we come across “Special Projects”:  investments that make sense, but that don’t quite fit  into one of our programs.  Here is a great example:We are currently evaluating a 10 unit student housing opportunity right next door to a well known private university with rapidly increasing enrollment and insufficient supply to meet the required demand.  It is a little too small for 37th Parallel Properties to manage for our investors but it could provide an excellent investment opportunity for the right investor or investment team.   It is a bank owned property with 4 occupied units out of 10 and some required renovations.  If you are interested we can provide access to the local resources to get the project done and manage it profitably.

For more information regarding this project, please contact Chad Doty at

cdoty@37parallel.com or 804.306.2370.

“I believe life is constantly testing us for our level of commitment, and life’s greatest rewards are reserved for those who demonstrate a never-ending commitment to act until they achieve. This level of resolve can move mountains, but it must be constant and consistent. As simplistic as this may sound, it is still the common denominator separating those who live their dreams and those who live in regret.” - Anthony Robins

Related Posts

1. December 2009 Newsletter
2. June 2009 – Newsletter
3. February 2009 Newsletter
4. Annual Investor Seminar 2009 Update