Rosenberg Flex Industrial Development | 7% Pref | 18.8% Target LP IRR

Asset type: Flex · Location: Rosenberg, Texas

Rosenberg Flex Industrial Development is a ground-up Class A small-bay flex business park at 901 Benton Road in Rosenberg, Texas, in Fort Bend County. The project consists of approximately 62,200 SF across 30 units on 4.29 acres, serving showroom-oriented retail users and light industrial service, distribution and trade tenants. LP Equity | Tiered Waterfall 7% preferred return 70% LP / 30% sponsor until LPs reach a 15% IRR, then 50/50 18.8% target LP IRR, net of all fees and promote 1.68x target LP equity multiple Approximately 3-year target hold $50,000 minimum investment The project is being developed by Meghani Capital, a Houston-based real estate investment and development firm. Total project cost is $10.95 million, funded with a $7.35 million senior construction loan (67% of all-in cost) and $3.6 million of LP equity. Land closing is targeted for December 2026, with Nassar Construction leading an 8-month build, followed by lease-up and a targeted sale within approximately three years. Tenant demand has been tested before construction through a targeted pre-leasing campaign that generated 115 tenant inquiries totaling approximately 195,500 SF of requested space, 3.1x the project's rentable area. Our 60,000 SF Pearland flex project is approximately 30% pre-leased three months into construction, with leases signing at $18.75/SF NNN against $15.75/SF underwritten. The project is underwritten at $17.25/SF NNN with no rent growth, an 8.6% yield on cost and a 7.0% exit capitalization rate. The minimum investment is $50,000. The offering is available to accredited investors pursuant to Rule 506(c). *All returns and distributions are targeted projections and are not guaranteed. Investment involves risk, including the potential loss of principal. Please review the complete offering materials for assumptions, risks and investment terms.