| The Beach Company is co-investing $1.85M alongside investors. |
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Hi -,
Persimmon at Cates Creek closes Monday, July 20.
Here's where the project stands: construction has been underway since May 2025, first units are expected in Q2 2027, and this remains the only approved Class A development in its submarket - 346 units with no competing new supply during lease-up.
The offering: LP equity in a ground-up, 346-unit Class A community - 316 apartments and 30 townhomes - at an all-in basis of ~$279K per unit, roughly 20% below comparable sales.
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Persimmon is Larson Capital Management's fourth offering on EquityMultiple - Larson is a Premier Partner with $6B+ in assets under management - and The Beach Company (est. 1945, 11,000+ multifamily units delivered) is developing the project and co-investing $1.85M alongside investors.
Confirm your accredited investor status on the offering page to view full investment details and projected returns. We recommend completing your investment by Sunday, July 19 to avoid any last-minute timing issues.
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Questions? Reply to this email or reach out to our investor relations team via live chat on our website.
Happy Investing,
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*Diversification on the EquityMultiple Platform is defined as having dispersed investments between the Keep, Earn, and Grow offerings.
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Net Returns: All internal rates of return or IRR are net of fees and entity level expenses unless explicitly stated otherwise. In certain cases, entity expenses are allocated on a flat, per investor basis and are not netted from returns due to the variable impact on individual investors. Such expenses are generally $100 or less annually and detailed in the offering documents.
Hypothetical Returns: This email describes hypothetical net returns that may be earned by an investor in this offering for illustrative purposes only. These returns have not been achieved by any investor. In certain cases, the described returns are a function of the contractual interest rate or preferred return associated with the investment. In other cases, the forecasted net IRR or equity multiple is a hypothetical return derived from assumptions regarding the future operating performance of the property. The assumptions involved in such forecasting include growth of market rental rates in the market, achievable market rental rates based on current and future property conditions, growth rate in property operating expenses and prevailing cap rates upon future sales of the property. These assumptions are derived from comparable properties, market reports, broker opinions, industry underwriting conventions and prior Sponsor/Borrower experience. While EM believes that these assumptions are reasonable, due to various risks and uncertainties, actual events or results or the actual performance can differ materially from those reflected or contemplated.
This investment has a high degree of risk, and there can be no assurances that any of the assumptions will be true or that the investment's actual performance will bear any relation to these hypothetical illustrations. The particular assumptions used to evaluate the return potential of this investment should be reviewed prior to investment. To access them click the “View Offering” button above in this email and download the Financial Overview available on that page.
Hypothetical performance is subject to inherent limitations, is prepared with the benefit of hindsight, and should not be relied upon in making an investment decision. Additional information regarding the projected performance metrics presented herein is available upon request.
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