PRESS RELEASE

Milwaukee, WI (October 20, 2024) — F Street, is pleased to announce the successful completion of its capital raise for the Summit Apartments Phase 1 project. The $6,450,000 equity requirement has been fully funded, paving the way for the next phase of development.

F Street would like to extend its sincere gratitude to the project collaborators, including RINKA, Stevens Construction, Summit Credit Union, and the City of Oak Creek, for their invaluable contributions to the project’s success.

In conjunction with this announcement, F Street is excited to launch the capital raise for F Street OCLV MF 3, the second phase of the Summit Apartments development. This new investment opportunity offers investors the chance to participate in the construction of a $6,350,000 project that will begin in March 2025.

“We are thrilled to have achieved full funding for F Street OCLV MF 2 and to be launching the capital raise for F Street OCLV MF 3,” said Scott Lurie, Founder of F Street. “This continued success is a testament to the strength of our investment strategy and the confidence of our investors in our ability to deliver exceptional multifamily projects.”

F Street remains committed to its mission of creating vibrant, sustainable communities. The Summit Apartments project is a key component of the company’s ongoing development efforts in the Lakeshore Commons area of Oak Creek, WI.

For more information about F Street OCLV MF 3 and the investment opportunities available, please visit www.fstreet.com or contact the F Street team.

About F Street

F Street is a premier real estate investment and development firm headquartered in Milwaukee, Wisconsin. The company specializes in the acquisition and development of high-quality commercial and residential properties in Wisconsin and beyond. F Street is committed to creating dynamic and sustainable communities that enrich the lives of residents and contribute to the economic vitality of the regions it serves.

www.fstreet.com

 

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Media Contact:

Nick Jung
Director of Development
nick@fstreet.com
(612) 810-7023

PRESS RELEASE

Milwaukee, WI (October 11, 2024) — F Street, a leading real estate investment development firm, is pleased to announce the successful closing of its capital raise for F Street BD 2, LLC. The investment, totaling $11.15 million, will fund the construction of the new Village 43 Apartments project in Brown Deer, Wisconsin.

“We are thrilled to have reached this significant raise milestone for Village 43 Apartments and to be starting on another multifamily project in Brown Deer,” said Scott Lurie, Founder at F Street. “This successful capital raise is a testament to the strength of our project, the confidence of our investors, and our team’s ability to deliver exceptional real estate developments.”

The Village 43 Apartments project will bring 156 garden-style apartments to the Brown Deer community. The development will feature a large club room, fitness center, dog spa and run area, and active outdoor space.

The groundbreaking ceremony for Village 43 Apartments is scheduled for Thursday, October 17th.

F Street would like to express its gratitude to its project partners, including RINKA, Greenfire Management Services, First American Bank, and its investors for their support in making this project a reality.

About F Street

F Street is a premier real estate investment and development firm headquartered in Milwaukee, Wisconsin. The company specializes in the acquisition and development of high-quality commercial and residential properties in Wisconsin and beyond. F Street is committed to creating dynamic and sustainable communities that enrich the lives of residents and contribute to the economic vitality of the regions it serves.

www.fstreet.com

 

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Media Contact:

Nick Jung
Director of Development
nick@fstreet.com
(612) 810-7023

PRESS RELEASE

Milwaukee, WI (May 28, 2024) – F Street is thrilled to announce the public launch of F Street OCLV MF 2, LLC, the entity behind the highly anticipated Summit apartments in Oak Creek, Wisconsin.

Secure Your Spot in a Thriving Community

Summit apartments offers an unparalleled opportunity to invest in a brand-new, market-rate apartment community boasting 132 units across two buildings. Residents will enjoy stunning views of Lake Michigan, along with convenient access to nearby parks and recreational opportunities.

Building on Success: The Coast at Lakeshore Commons

The first phase of Lakeshore Commons, the 199-unit Coast apartments, has already achieved remarkable success:

• Construction completed in December 2023.
• As of May 1, 2024, nearly 70% occupied, exceeding leasing projections.
• Full occupancy anticipated by July 2024.
• Learn more in the whitepaper (link to whitepaper).

Why Invest in Oak Creek?

• Strong Housing Market: Oak Creek’s proximity to Milwaukee and the Kenosha/Racine corridor fosters a robust and growing housing market.
• Investment in Infrastructure: The city prioritizes public schools and infrastructure, creating a desirable environment for residents and families.
• Public Amenities: F Street is collaborating with the City of Oak Creek to develop walking trails, parks, playgrounds, and a community green, further enriching the lakeside experience.

Invest in Your Future with Stable Returns

This exclusive opportunity offers the potential for strong and consistent returns. Today’s public launch makes this deal available to all F Street investors. Own a piece of the lakefront and capitalize on the rental success of the Lakeshore Commons community.

Invest Now!

F Street is raising $13.6 Million for F Street OCLV MF 2, LLC, with a minimum investment of $50,000. To invest or discuss the opportunity in more detail, please visit www.fstreet.com or contact us directly.

We look forward to partnering with you in this exciting venture!

Building on Success: The Coast at Lakeshore Commons

The first phase of Lakeshore Commons, the 199-unit Coast apartments, has already achieved remarkable success:

• Construction completed in December 2023.
• As of May 1, 2024, nearly 70% occupied, exceeding leasing projections.
• Full occupancy anticipated by July 2024.
• Learn more in the whitepaper (link to whitepaper).

Why Invest in Oak Creek?

• Strong Housing Market: Oak Creek’s proximity to Milwaukee and the Kenosha/Racine corridor fosters a robust and growing housing market.
• Investment in Infrastructure: The city prioritizes public schools and infrastructure, creating a desirable environment for residents and families.
• Public Amenities: F Street is collaborating with the City of Oak Creek to develop walking trails, parks, playgrounds, and a community green, further enriching the lakeside experience.

Invest in Your Future with Stable Returns

This exclusive opportunity offers the potential for strong and consistent returns. Today’s public launch makes this deal available to all F Street investors. Own a piece of the lakefront and capitalize on the rental success of the Lakeshore Commons community.

Invest Now!

F Street is raising $13.6 Million for F Street OCLV MF 2, LLC, with a minimum investment of $50,000. To invest or discuss the opportunity in more detail, please visit www.fstreet.com or contact us directly.

We look forward to partnering with you in this exciting venture!

Contact:
Josh Lurie
Principal / VP Investor Relations
josh@fstreet.com
(414) 315-3190

PRESS RELEASE

Milwaukee, WI – [May 20, 2024] – F Street is proud to announce the public launch of the investment opportunity for Village 43, a brand-new multifamily development in Brown Deer, Wisconsin.

Building on the success of their Phase 1 development, Greenlink Residences, and with the support of the Village of Brown Deer’s Tax Incremental Financing (TIF) incentive financing, F Street is excited to bring Village 43 to the community.

Why Invest in Village 43?

• Prime Location: Brown Deer boasts a strong housing market due to its proximity to Milwaukee and recent infrastructure investments. The Village is committed to attracting new families and has provided significant tax breaks for the project for 20 years.
• Market-Rate Apartments: Village 43 offers 156 market-rate garden-style apartments across eight buildings, catering to those seeking a manageable living space with a single-family home feel. Separate entrances and green spaces promote privacy and connection to nature.
• Amenity-Rich Community: A clubhouse and green spaces will foster a vibrant community atmosphere. Construction is anticipated to begin in Q3 2024, with move-in slated for Q2 2025.
• Experienced Developer: F Street leverages its expertise in successful garden-style communities across the Greater Milwaukee area, ensuring quality construction and asset management.

Invest in Class-A Rental Real Estate

F Street is raising $11.6 million for F Street BD 2, LLC, with a minimum investment of $50,000. This is your chance to own Class-A rental real estate in a growing market with favorable rental trends. Start your investment on F Street’s easy-to-use platform here.

Join Us

Village 43 promises to be a welcome addition to Brown Deer. Download the investment packet or contact F Street to learn more about this exciting opportunity and become part of a thriving community. This investment opportunity is available to accredited investors.

 

Contact:
Josh Lurie
Principal / VP Investor Relations
josh@fstreet.com
(414) 315-3190

PRESS RELEASE

Milwaukee, WI – [April 22, 2024] – F Street is pleased to announce the launch of VAM Fund 1 LLC, a multifamily investment vehicle offered exclusively to accredited investors. VAM Fund 1 LLC focuses on acquiring distressed multifamily assets, renovating the units, and leasing units at market rates to generate substantial returns for investors.

Experienced Partners Lead the Way
F Street has partnered with Shai Wolkowicki and Chikoo Patel of CKO Real Estate, real estate industry veterans with extensive experience in the multifamily asset class, to operate and manage VAM Fund 1 LLC. Their expertise and past successes complements F Street’s proven track record, ensuring a strong foundation for the fund’s success.

 

Capitalizing on Distressed Assets
VAM Fund 1 LLC represents the first in a series of Value-Add Multifamily (VAM) investment funds planned for launch over the next 12-24 months. The strategy capitalizes on the opportunity to acquire distressed multifamily assets at a discount, unlocking their value through renovations and strategic re-leasing.

Hyde Park and South Shore Take Center Stage
VAM Fund 1 LLC offers a unique opportunity to invest in the acquisition of 492 multifamily units across 21 properties in Chicago’s Hyde Park and South Shore neighborhoods. This is your chance to own a fractional equity interest in this multifamily portfolio that are positioned well to benefit from current economic conditions.

 

Investor-Centric Approach
F Street’s investment thesis prioritizes investor returns. In fact, the structure of this investment ensures that all free cash flow is distributed to investors until their investment is returned in full. By acquiring properties at a discount, renovating units, and re-leasing at market rents, VAM Fund 1 LLC aims to:

• Increase net operating income and asset value
• Generate equity for investors
• Refinance the investment to return a significant portion of invested capital within the first 24-30 months
• Manage the property and provide ongoing cash flow distributions to investors.

 

Join Us in This Exciting Opportunity
F Street and CKO Real Estate are seeking to raise $15.3 million for VAM Fund 1 LLC, with the sponsor group itself contributing at least $1.5 million. The offering is open to accredited investors only, with a minimum investment of $50,000.

Interested investors are encouraged to visit www.fstreet.com to invest or contact F Street to discuss the investment in more detail. Don’t miss out on this chance to be part of this promising investment opportunity!

 

Contact:
Josh Lurie
Principal / VP Investor Relations
josh@fstreet.com
(414) 315-3190

PRESS RELEASE

West Bend, WI (February 29, 2024) – F Street, a leading real estate investment and development firm, is thrilled to announce the successful closing of a construction loan with CoVantage Credit Union for its highly-anticipated project, The Emree, located in West Bend, Wisconsin. F Street was able to raise $11.35 million in capital investment, which has paved the way for construction to officially begin next month on an over $30 million investment in the community.

“We are excited to have secured financing and to begin construction on The Emree,” said Scott Lurie, Founder of F Street. “The overwhelming investor response to this project is a testament to the strength of the West Bend market and the continued growth of alternative investment.”

The Emree will be a Class-A multifamily development featuring 105 units across seven buildings. The community will offer residents a variety of upscale amenities, including an outdoor pool, clubhouse, expansive patio area, and convenient access to the revitalized Downtown Riverwalk and Eisenbahn Trail.

F Street has established a strong partnership with the City of West Bend, resulting in a public-private collaboration that includes a Development Agreement and valuable incentives such as Tax Increment Financing (TIF) and a forgivable loan. This collaboration demonstrates the City’s commitment to fostering economic growth and creating a diverse housing market.

“The City of West Bend is proud to partner with F Street on this exciting project,” said Jay Shambeau, City Administrator of West Bend. “The Emree will provide much-needed housing options in our downtown, significantly increase the property value, and help create jobs.”

Construction of The Emree is expected to be completed within 11-16 months. Upon completion, the project will provide residents with a vibrant and convenient living environment in the heart of West Bend.

About F Street

F Street is a premier real estate investment and development firm headquartered in Milwaukee, Wisconsin. The company specializes in the acquisition and development of high-quality commercial and residential properties in Wisconsin and beyond. F Street is committed to creating dynamic and sustainable communities that enrich the lives of residents and contribute to the economic vitality of the regions it serves.

www.fstreet.com

 

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Media Contact:

Nick Jung
Director of Development
nick@fstreet.com
(612) 810-7023

MILWAUKEE BUSINESS JOURNAL

F Street is gearing up to start construction in the coming months on about 105 apartments that will replace the former facility of West Bend Transit & Service Co., which has relocated.

The “Emree” project was announced last year. Milwaukee-based F Street has secured an end lender to finance the construction and is ready to begin work before the end of March, according to a Monday email from chief operating officer Mike Doney. The company is finalizing the process of raising money from investors, and there is “limited participation room” still available, Doney’s email said.

Read more

Press Release

WEST BEND, WI, June 15, 2023 — F Street, through its subsidiary F Street West Bend, LLC, is excited to announce a limited-time investment opportunity in The Emree, a new Class-A, market-rate apartment development located at 105 S Forest Avenue in West Bend, Wisconsin. The Emree development aims to diversify the housing mix within the West Bend community and capitalize on the strong demand in the local housing market.

The housing market in West Bend has demonstrated remarkable strength, boasting extremely low vacancy rates. A recent market study by Tracy Cross & Associates revealed that 14 out of 15 apartment projects built in the Greater West Bend market since 2005 reported zero vacancies. This highlights the urgent need for additional housing options in the area.

The Emree multifamily development will consist of 105 units spread across seven separate buildings, including a row of townhomes, which have been uniquely designed by our architectural partner, RINKA+. The community will offer a range of one, two, and three-bedroom units, each featuring high-quality finishes such as stainless-steel appliances, quartz countertops, and in-unit laundry facilities. Residents will also enjoy an array of amenities, including an outdoor pool, clubroom, elevated fitness center, and convenient access to the Riverwalk.

F Street has established a strong partnership with the City of West Bend, resulting in a public-private collaboration that includes a Development Agreement and incentives including Tax Increment Financing (TIF) in the amount of $2,606,500 and a forgivable loan in the amount of $300,000. The City of West Bend has displayed unwavering support for The Emree project, showcasing its commitment to fostering economic growth and improving the community and a diverse housing market.

“F Street’s investment in the City of West Bend marks a significant milestone in our ongoing redevelopment efforts. The garden-style design of The Emree aligns perfectly with the surrounding residential area and will contribute to the growth and prosperity of our downtown businesses. We are grateful for F Street’s commitment to our community,” stated Jay Shambeau, City Administrator of West Bend.

Construction of The Emree is scheduled to commence in Q3 2023 and is expected to be completed within a 10-14 month timeframe. Initial move-ins for residents are projected to begin in Q2-Q3 2024, with pre-leasing efforts commencing in Q1 of the same year.

Investing in The Emree offers numerous benefits, including depreciation tax advantages, portfolio diversification, long-term appreciation potential, passive income generation, protection against inflation, and the security of investing in a tangible asset. The opportunity to participate in the development’s total capital raise of $7,300,000 provides investors with an attractive chance to maximize returns.

Investors interested in joining this exciting venture can find more information at www.fstreet.com. The investment closing date is set for August 15, 2023.

 

About F Street:

Through world-class development and visionary design, F Street provides quality real estate investment opportunities. Our vision is to be a leader in the real estate investment and development community recognized for our passion, commitment to excellence, discipline, and creativity. We deliver exceptional projects that enhance and support the communities that we develop in.

 

Contact: Nick Jung
Director of Development
(612) 810-7023
nick@fstreet.com

 

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