$10,850,000

FUND EQUITY

Multifamily

Asset Class

361

Residential Units

August 2024

Estimated Completion Date

12%

Preferred Annualized Returns*

15.1%

Pro Forma AVG Annual CoC*

LakeHouse Commons

Oakland, CA

urbancore

Developer Partner

LakeHouse is a landmark 361-unit mixed income project to be constructed in Oakland. The larger tower will house 252 Market Rate Units and 18 Workforce Housing Units, while the smaller tower will contain 91 Affordable Housing Units. Located in Lake Merritt, the most desirable area of Oakland’s Central Business District, LakeHouse stands to become a central pillar in the Oakland multi-family market.  LakeHouse is being developed by UrbanCore Development, LLC & National Real Estate Advisors. UrbanCore has been a driving force behind the development of mixed income, mixed-use, and affordable housing projects. National Real Estate Advisors strives to create vibrant, walkable, human-scale mixed-use projects that simultaneously connect to existing communities and catalyze the creation of new ones where they did not exist before.

Available Equity
$10,850,000 100%

*Per Project preferred returns are set by the fund manager, ICOZ Manager, LLC. The preferred returns are contractual in nature as they are displayed here. There is no guarantee that investors will receive the preferred returns represented here. The Pro Forma Average Annual  Cash-on-Cash returns are an estimate based on the most recent published project pro forma by the fund manager, ICOZ Manager, LLC and all current available data.