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Midwest Adaptive Reuse Multifamily Investment Opportunity

The Washington

1930 Cleveland Ave, Eau Claire, Wisconsin

18.7%

LP IRR

1.94x

LP MOIC

8%

Preferred Return (quarterly payments)

48 Months

Target Hold Period

Tax

Benefits

Download the Offering Memorandum

Experience, Strategy, & Proven Success in Multifamily Investment

Altitude Capital Partners offers a proven track record of delivering strong returns with strategic real estate investments in high-demand Midwest markets.

  • 25+ years of experience in multifamily investment & development.
  • $1.15 billion in total investments across 7,500+ units.
  • Specializes in value-add opportunities with a focus on asset repositioning.
  • Vertically-integrated approach for efficient project execution and cost control.
  • Strong track record of delivering attractive, risk-adjusted returns.
  • 22.5% IRR and 1.94x MOIC projected for investors.
  • In-depth market knowledge in key Midwest real estate markets, including Eau Claire, St. Paul, and Chicago.

Track

Record

20

Investments

6000 +

Units

$ 100 M

Investment

$ 1 Bn

Value

1 x

Gross MOIC

15 %

Gross IRR

Midwest Multifamily Value-Add Strategy

Target undermanaged multifamily assets below replacement cost with strong cash flow and significant upside potential in attractive, supply constrained Midwest markets

Asset Characteristics

Lower Middle Market at $5-50m deal that include the following:

  • Off market, private transactions
  • Impaired or undermanaged assets with operation inefficiencies
  • Positive cash flow but under market rents
  • Class A Locations with access to public transpiration and walkable and access to lifestyle and neighborhood amenities
  • Acquisition below replacement cost
  • Low or no tenant amenities
  • Absentee or passive ownership

Value Creation Profile

Reposition and enhance assets:

  • Upgrade Kitchens and Baths including adding dishwashers and in unit laundry
  • Update common areas
  • Upgrade lighting and flooring
  • Add tenant amenities including fitness centers and outdoor areas

Optimize Operations:

  • Focus on expense management
  • Implement tenant management
  • Implement RUBS including WIFI
  • Implement efficiencies and improved marketing

Target Markets

Target US Midwest markets with:

  • Positive Population Growth
  • Low Unemployment
  • High barriersto entry
  • Supply constraints and rising rents
  • Strong government & healthcare economies
  • Educated and transient labor pool

Focus on strategic locations inclusive ofthese MSAs:

  • Minneapolis/St. Paul
  • Chicago
  • Madison
  • Milwaukee
Download the Offering Memorandum

Investor Returns: Clear, Transparent, & Attractive

ACP Equity investors will earn an 8% preferred return (paid quarterly, when available), a full return of invested capital, and 70% of the Project’s residual cash flows until the Investor earns a 15% IRR at which time the remaining proceeds will be split 70/30. The table below details potential returns to equity investors. Exit assumptions include an 6.0% cap rate selling the stabilized property at year 4. The investment is expected to produce a pre-tax IRR of approximately 18.7% and a cash multiple of 1.94x for equity investors. Annual economics are detailed below.

Return Type Details
Preferred Return
8% per year (paid quarterly, before profits shared)
Residual Cash Flow Split
70% to LPs after preferred return, until 15% IRR
Profit Split after IRR
70% to LPs, 30% to GP after 15% IRR is reached
Target Returns
18.7% IRR and 1.94x cash multiple over 4 years

How It Works

Step

8% Preferred Return

You receive 8% annually on your invested capital, paid quarterly, before any profit distribution.

Step

70% of Extra Profits

After meeting the preferred return, you will receive 70% of the remaining profits until a 15% IRR is achieved.

Step

70/30 Profit Split

Once the 15% IRR threshold is reached, the remaining profits will be split 70% to LPs and 30% to the General Partner (GP).

Download the Offering Memorandum

Limited Investment Opportunity – Act Now!

This is a high-demand project in a growing market. With limited investment slots available, now is the time to secure your place.

  • Only a few spots left for accredited investors to participate in this lucrative project.
  • Time-sensitive opportunity – closing soon.
Invest Now Before It's Too Late!
Schedule a Call to Learn More

Eau Claire is a thriving market with stable population growth and strong demand for housing.

  • Proximity to Minneapolis: Just 90 minutes away, benefiting from regional spillover and maintaining affordable living.
  • Population Growth: Steady growth expected through 2025 and beyond.
  • Undersupplied Market: Rental vacancy rates under 4%, with new construction lagging demand.
  • Rent Growth: 5% YoY rent growth, with more room for increases as inventory remains limited.
Download the Offering Memorandum

Eau Claire’s largest sectors—healthcare, education, and tech—ensure a diverse, stable employment base.

  • Mayo Clinic Health System – 4,000 employees
  • Menards – 4,500 employees
  • University of Wisconsin-Eau Claire – 1,300 employees
  • Sacred Heart Hospital – 1,076 employees
  • Chippewa Valley Technical College – 736 employees

These employers provide a solid foundation for housing demand, ensuring consistent growth and rental income.

Download the Offering Memorandum

Housing Demand & Growth Graph

Eau Claire's housing demand is steadily rising, supported by population growth and limited supply.

  • Employed Residents Growth: Increase in employed residents, highlighting the growing workforce and need for additional housing.

How to Invest

Invest in 4 Simple Steps:

Step 1

Download Offering Memorandum (OM)

Get detailed information about the project.

Download OM

Step 2

Confirm Your Eligibility

Ensure you meet the accredited investor requirements.

Step 3

Schedule a Call

Connect with our team to discuss your investment.

Schedule a Call

Step 4

Complete Your Investment

Finalize your commitment and fund your investment.

What Our Investors Are Saying

Don't just take our word for it – hear from our satisfied investors.

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Tyler Morgan Founder & CEO of XpeedStudio

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Joshua Lane Founder & CEO of XpeedStudio

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Austin Hayes Founder & CEO of XpeedStudio

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Eric Vaughn Founder & CEO of XpeedStudio

Ready to Take the Next Step?

Seize this Opportunity to Invest in Eau Claire’s Growing Market

Eau Claire is poised for significant growth, with strong demand for multifamily housing and a stable economic foundation. Now is the perfect time to secure your place in this high-potential market.

Download Offering Memorandum
Schedule a Call with Our Team

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