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The Apex at Crossgates

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Offering Start Date:
Location: Troy, NY
Development Type: 222 Class A Multi-Family Apartment Units and Townhomes
Total Raise: $27,200,000.00
Investment Units: 
Minimum Investment: 
Projected IRR: 17.74%

Target Investment Period:6 years
Issuer: UG Family, LLC
Developer: United Development Corporation
Operator: United Plus Property Management, LLC
Eligible Investors: Accredited-only

Overview

The Apex at Crossgates is a to-be-constructed 222-unit Class A Multi-Family
Apartment and Townhouse rental community located on approximately 19.7 acres in
the town of Guilderland, in Albany County, New York. The project is designed with two
four/five story elevator equipped buildings with 192 apartments in one, two and three
bedroom floor plans, and 30 two bedroom townhomes.


The 9,000-sf community center clubhouse will provide leasing and management offices,
spacious community room, bistro lounge for social events, coffee/breakfast bar, gym
quality fitness center, multipurpose aerobics/yoga room, game room, media center, locker
rooms, outdoor pool, hot tub, patio, bocce court, and walking trails. Ideally located with
quick access to both the northway (I-87) and the throughway (I-90); lighted and landscaped
path connected to Crossgates Mall; adjacent to a CDTA bus stop; and close proximity to the
3,200-acre Pine Bush Preserve (with 20 miles of walking trails).

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The securities offered pursuant to the Offering Materials of each Issuer are available only to “Accredited Investors” – generally, natural persons must have a net worth of over $1 million (exclusive of residence) or income in excess of $200,000 individually or $300,000 jointly with a spouse. See “What is an Accredited Investor” found under “Get Started” for additional information. Each prospective investor should be aware that his or her status as an Accredited Investor must be verified by means acceptable to the Issuer which are described in more detail in the Offering Materials and may include (i) a certification by a registered broker-dealer, registered investment adviser, certified public accountant or licensed attorney, (ii) copies of tax returns, Form W-2, Form 1099 and similar reports, together with a representation relating to current income, and (iii) copies of bank statements, brokerage statements, certificates of deposit, tax assessments and appraisal reports relating to assets and a consumer report relating to liabilities. Only investors who provide acceptable verification of their status as “Accredited Investors” will be eligible to acquire make an investment in any Issuer.

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