PORTFOLIO OF DEVELOPMENT
Geld Arts LLC has discovered that the best way to ensure that we provide our investors with minimum risk and high returns is to take on the entire process of financing, developing and owning/managing our projects. Our approach is simple, we believe in the power of technology to facilitate all our processes and still believe that excellent and personal client care is the key to all our success together - high-tech and high touch, a rare combination.
Builder is an integral part of our team; we control construction process
As a developer, we research and select projects secured by profitable real estate in the strongest US markets
Multifamily/Mixed Use rental projects help protect investors during market shifts
Magnolia Seattle: New Luxury Townhomes and Rowhouses just 10 minutes from expedia’s new headquarters!
Project Start Date: November 1, 2019 — Project Cost: $ — Estimated Minimum Completed Value: $ . Construction of 5 new Rowhouses and 4 new Townhomes in the beautiful and vibrant Magnolia Neighborhood of Seattle. Perfect timing for a great opportunity since Expedia just moved its headquarters to the neighborhood, bringing 6,000 employees.
the wingate LOfts: part of the urban renaissance in fort worth, tx
Project Complete! Construction of a 12 unit luxury apartment building including one office space in a highly desirable neighborhood undergoing an Urban Renaissance. Corporate expansions are fueling demand for area apartments. A friendly business environment (no state tax), skilled labor pool and an attractive place to live is bringing companies from across the country. Thousands of jobs being created spur a strong demand for rental housing.
**sold! new homes in Seattle: named #1 real estate development market!
Project Start Date: January, 2018 -- Project Cost: $1,167,500 per home, including cost of lot — SOLD, under contract total gross sales price of all 3 homes is $5,625,000
Emerging Trends in Real Estate 2018 survey, the annual real estate investing "bible" published by Urban Land Institute and Price Waterhouse Coopers, has named Seattle, WA as the #1 market to watch in 2018 for real estate development. Learn more about this exciting project:
sold out!! 16 twin homes in truckee, ca, "the coolest ski town in North America"
Project Start Date: December, 2017 -- Project Cost: $7,225,765 -- Estimated Minimum Sale Price: $8,400,000. Click this link for a video tour of a unit that recently sold! https://tours.focustahoe.com/public/vtour/display/1167491#!/
Matador Network social network for travelers calls Truckee, CA "the coolest ski town in North America" and it is and so much more. A burgeoning housing market in this hip town offers our investors involvement in an excellent building project of 16 twin homes.
new life for an existing 7 unit apartment in seattle, minutes away from expedia’s new headquarters
Project Start Date: September, 2019 — Project Cost: Purchase of Building $1,600,000; Remodel $100,000. Lynn View Apartments, a 7 unit multi-family structure with private decks and patios will be re-purposed into a Class A apartment building in approximately 12 months. New kitchens and bathrooms as well as fresh paint, carpet and updated flooring will be installed. The exterior of the building will undergo a cosmetic renovation as well. There are no long term leases existing for the remaining tenants, which adds to the velocity of the turn-around time of this "low risk" project.
Capitol Hill, Seattle: 8 unit classic charm with room to expand
Project Start Date: June, 2016 -- Cost to Purchase: $1,745,000 -- Sold December, 2018: $3,800,000. Capitol Hill, Seattle Charm with Room to Expand We purchased this 8 unit classic 1925 building and have updated and remodeled. Fully stabilized with renters. Much of this project entailed subdividing lot and permitting work so that expansion in the form of adding another apartment complex in the back can be done by new buyer.
4 Unit Investment Property in Seattle’s Popular Fremont Neighborhood
Project Start Date: April, 2016 -- Project Cost: $967,000 -- Sale Price January, 2017: $1,360,000. Seattle is ranked #1 in 'Emerging Trends in Real Estate', an annual publication from Urban Land Institute. We saw a great opportunity in this unfinished construction project the owner was unable to complete. We purchased, re-designed and completed construction on this modern luxury 4 unit investment property, and sold it at a great price, all in 9 month. High end flooring and fixtures, stainless steel appliances and bright, modern exterior accents.
THE DAKOTA, LUXURY TOWN HOMES PROVIDE MUCH-NEEDED HOUSING IN THE NORTH DAKOTA BAKKEN OIL FIELD AREA.
Project Start Date: Fall, 2014 -- Project Cost: $1,490,000 --Total Sale Price All Units in 2015: $2,140,000. We saw the need for housing in the boomtown of Williston, ND, center of commerce for the Bakken Oil Fields. The time was right and these 8 townhomes were built and sold within 12 months, earning our investors an excellent return.
Multiple twin-homes: Luxury housing near the bakken oil fields of North Dakota
Project Start Date: October, 2014 -- Project Cost: $212,000 per unit; $424,000 per pair of twin homes -- Current Status: Fully rented and stabilized
Fendee Estates is an approved ongoing project consisting of a total of 703 housing units including town homes, twin-homes and single family homes. The demand for family housing in the Williston, ND area has been overwhelming and is expected to continue with the Bakken Oil Project for years to come.
opportunity in billings, montana: a hot market and a beautiful subdivision
Project Start Date: January, 2016 -- Project Cost: $217,00 per unit; $434,000 per pair of twin homes -- Value at Completion: $315,000 per unit; $630,000 per pair of twin homes - Billings was named The Best Place to Live by Outside Magazine in 2016. And the housing market is still going strong. We were fortunate to be able to get involved in the development of the beautiful Falcon Ridge Subdivision and built modern and luxurious twin homes which are very popular in the area.
BRINGING NEW VIBRANCY TO A CLASSIC SEATTLE HOME
Project Start Date: April, 2017 -- Project Cost, Including Cost to Acquire: $963,000.00 -- Sale Price January, 2018: $1,325,000.00 - At Geld Arts LLC, our specialty is multi-family development projects but when a gem of an opportunity comes along in a single family home, we do the research and if it is destined for success, we say "yes!".
