The Rise of Hybrid Multifamily Deals
The multifamily landscape is shifting and so is how deals get done. A new model is emerging, one that combines the accessibility and responsiveness of retail syndications with the rigor and discipline of institutional execution.
The Summit on 401, a 291-unit core-plus multifamily asset in Fayetteville, North Carolina, exemplifies this evolution. It’s a joint venture between Monday Properties, an institutional real estate firm with more than $16 billion in invested capital, and RSN Property Group, a sponsor with nearly $1 billion in multifamily acquisitions and a strong track record with accredited retail investors.
Sixty percent of the equity stack is anchored by institutional capital, bringing robust underwriting, operational oversight, and governance. The remaining 40 percent is available to retail investors through RSN, with multiple investment classes and a streamlined investor experience designed to accommodate a range of goals and preferences.
This model represents a shift in private real estate investing. It opens the door for individual investors to participate in institutional-quality deals while enjoying the service and optionality traditionally found in retail offerings.
Deal Highlights – The Summit on 401:
291-unit, 2012-vintage core-plus asset with $2.3M+ in recent upgrades
Already closed with business plan in motion—no execution or funding risk
Assumable 3.01% fixed-rate Fannie Mae loan plus supplemental; blended cost: 4.68%
Conservative 66.9% LTV with day-one positive leverage from a 6.21% going-in cap
Acquired ~20% below comps and ~64% of estimated replacement cost
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