Croatan Investments (Croatan)

The Sponsor is a private equity real estate investment firm formed on March 3, 2016 and is headquartered in Virginia Beach, Virginia. According to Croatan's website, they focus primarily on acquiring cash flowing Class-B value-add real estate. They are an active investor of multifamily rental housing in markets with high job and population growth. They focus on Class A, B, and C physical assets located in Class A locations in major and secondary markets. Investments are structured as equity, preferred equity, mezzanine debt or special situation debt. They also provide hands-on oversight to implement business plans and maximize returns for their investments over the investments respective hold periods. In addition, they facilitate and manage every phase and aspect of property renovations. This is achieved through concept, design, planning, project budgeting, management, quality control, and final delivery. JRW has no affiliation or relationship with Croatan Investments.