- $5 Million Offering
- 100 Class B Non-Voting Preferred Convertible Units
- $50k per Class B Unit
- 12% Annual Preferred Return (Paid Quarterly)
- 50/50 Appreciation Split (After 5-7 Years)
UrbanLuxe Living Fund I, LLC is a newly-formed Delaware limited liability company organized to acquire a pool of high-end single-family and multi-family residential properties in Portland’s top ten neighborhoods, to lease those properties to qualified tenants, and to maintain, renovate and manage such rental properties.
Investment oversight is provided by Michael Hubbell.
The Manager’s investment strategy is based on the Manager’s judgment that its leasing and operation of its rental properties is likely to achieve the company’s objectives, for the following reasons:
About This Offering
The company expects to lease a substantial portion, which may exceed 50%, of its rental properties as short-term rentals, by listing such short-term rental properties of short-term rental websites, including Airbnb.com. Section 33.207 of the Portland City Code requires a residence for guests for periods of fewer than 30 consecutive days. The company has a plan of operation that it believes will allow the necessary permits to be obtained for each rental property operated as a short-term rental property within the City of Portland.
This offering is being conducted as a Rule 506© offering so that the company may generally solicit its investors. The partnership is not registered as an investment company under the Investment Company Act of 1940, in reliance upon Section 3(c)(1) thereof. As a result of its reliance upon Section 3(c)(1), the Class B Units may not at any time be owned by more than 100 beneficial owners.
UrbanLuxe Living Fund I, LLC
c/o Michael Hubbell, Manager
4224 NE Halsey St, Suite 300