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Deerfield Place

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Offering Start Date: May, 2016
Location: Utica, NY
Development Type: 156 Class A Multi-Family Housing Rental Community
Total Raise: $6,400,000
Investment Units: $100,000 (64 available)
Minimum Investment: $50,000
Preferred Return: 8%
Projected IRR: Provided in offering materials
Target Investment Period: 5 1/2 years
Issuer: Colonial Deerfield, LLC
Developer: United Development Corporation
Operator: United Plus Property Management, LLC
Fully Funded August 23, 2017

Overview

Deerfield Place is a multifamily market rate rental community located directly adjacent to Schuyler Commons (a Senior Housing Community developed by UGOC) at 1 Patriot Circle, Utica, NY 13502. Deerfield Place, with 156 apartments and townhomes, provides residents an attractive, convenient and comfortable living experience.

Deerfield Place is comprised of 156 garden style apartments and townhomes. The apartments are a mix of 1 and 2 bedrooms. These are two-story buildings that offer private entrances and garages, with amenities including patios/balconies, central air, in-unit washer/dryer, high quality finishes/features, availability of basic cable TV/WIFI. The townhomes consist of 2 and 3 bedrooms with attached garages, private entrances and similar appliances/ finishes/features.

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Deerfield Place provides a state of the art community clubhouse is available to all residents for social, recreational and fitness use. The clubhouse acts as the “hub” of the Deerfield Place Community. Residents utilize this clubhouse on a daily basis to meet friends and family, socialize, and take advantage of activities they may wish to participate in. The building includes a fitness center, community lounge room, service kitchen, TV/meeting room and the management/leasing office. There is also an outdoor pool.

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There are nine unique floor plans in a mix of apartments with one and two bedrooms and town homes with two and three bedrooms are available.

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Townhome features include:

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  • Private Entry Units

  • Spacious open floor plans

  • Full kitchens with breakfast bar

  • Granite Countertops

  • Stainless Appliances

  • Ceramic tile bathrooms

  • Full bathtub and shower

  • Washer and dryer inside units

  • Cable and internet ready

  • Patio or balcony

  • Pet-friendly

  • Private garages with storage space available

Community Features include:

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  • TV/Meeting Room for Socializing

  • Community Lounge Room

  • State-of-the-art fitness center

  • Conference Room

  • Management/Leasing Office

  • Outdoor pool& BBQ area.

  • Area walking paths

  • On-site management and maintenance staff

DISCLAIMER: UISRealEstate.com is a website owned and operated by United Investor Services Corp. (UISC). UISC is not a registered broker, dealer, registered investment advisor, investment manager or registered funding portal. This website contains a preliminary summary of the purpose and principal business terms of the investments offered by certain investment vehicles (“Issuers”) who are related to UISC. This summary information does not purport to be complete and is qualified in its entirety by reference to the more detailed discussion contained in the actual text of the offering materials and definitive documentation (collectively, “Offering Materials”) for each Issuer regarding each such investment which will be made available upon request after completion and submission of the request form found under “Get Started”. Further, the summaries presented on the UISC website do not constitute an offer to sell or a solicitation of an offer to make an investment herein. No such offer or solicitation will be made prior to the delivery of the Offering Materials relating to such investment. The information on this website does not constitute an offer of, or the solicitation of an offer to buy or subscribe for, any securities to any person in any jurisdiction to whom or in which such offer or solicitation is unlawful.


The securities offered pursuant to the Offering Materials of each Issuer are available only to “Accredited Investors” – generally, natural persons must have a net worth of over $1 million (exclusive of residence) or income in excess of $200,000 individually or $300,000 jointly with a spouse. See “What is an Accredited Investor” found under “Get Started” for additional information. Each prospective investor should be aware that his or her status as an Accredited Investor must be verified by means acceptable to the Issuer which are described in more detail in the Offering Materials and may include (i) a certification by a registered broker-dealer, registered investment adviser, certified public accountant or licensed attorney, (ii) copies of tax returns, Form W-2, Form 1099 and similar reports, together with a representation relating to current income, and (iii) copies of bank statements, brokerage statements, certificates of deposit, tax assessments and appraisal reports relating to assets and a consumer report relating to liabilities. Only investors who provide acceptable verification of their status as “Accredited Investors” will be eligible to acquire make an investment in any Issuer.

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Before making an investment decision with respect to any offering, potential investors are advised to carefully read the Offering Materials to be provided and to consult with their tax, legal and financial advisors. UISC does not give investment advice or recommendations regarding any offering posted on the website.

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