Frequently Asked Questions
Common questions about the Aloft Chicago JV opportunity
Who can participate in this JV?
This opportunity is open to accredited investors, family offices, and institutional investors seeking exposure to premium hospitality real estate in downtown Chicago. Minimum investment thresholds apply.
What is the minimum investment?
The minimum investment is $1M. The total JV equity raise is $8M for 50% ownership at cost basis, with no developer promote or markups.
What is the expected project timeline?
The project has a 3-year development timeline from groundbreaking to stabilization. Permits are secured, and tax credits are approved, reducing execution risk.
Are the incentives already secured?
Yes. The $6M in historic tax credits have been approved, and the $1M Marriott incentive package is committed. These incentives significantly enhance projected returns.
What is the exit strategy?
Multiple exit options include: holding for cash flow post-stabilization, refinancing to return equity, or sale to institutional buyer. The Marriott flag provides strong appeal to buyers.
How is the investment structured? The JV is structured as an LLC with 50/50 ownership split at cost. No development fees or promotes are charged to the JV, ensuring aligned interests between all partners.