Previous Investment Opportunity:

Deerfield Place

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 (learn more)
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. Deerfield Place provides a community/clubhouse building which includes a fitness center, community lounge room, service kitchen, TV/meeting room and the management/leasing office. There is also an outdoor pool.

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. Features include:

  • 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

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 amenities in the clubhouse will include:

  • TV/Meeting Room for Socializing
  • Community Lounge Room
  • State-of-the-art fitness center
  • Conference Room
  • Management/Leasing Office
  • Outdoor pool& BBQ area.
  • On-site management and maintenance staff

Additional Services/Features – in addition to the above mentioned features, the community will also entail the following aspects:

  • Private garages with storage space available
  • Outdoor areas including patios, BBQ area and gathering spaces
  • Area walking paths