Tobin & Company Securities LLC (TOBIN), led by Justine Tobin, has proudly served as the Managing Broker-Dealer (MBD) for the fifth consecutive offering with Roberts Properties, showcasing a longstanding and successful partnership. This collaboration, marked by exemplary service, responsiveness, and meticulous attention to detail, culminated in the latest project, Encore on the Green, LLC. This offering, which successfully raised $5,500,000 in Membership Units, highlights the trust and efficiency cultivated between TOBIN and Roberts Properties over multiple projects.
Located in the burgeoning suburb of Garden City, Georgia, just outside Savannah, Encore on the Green represents a strategic development aimed at tapping into the suburban growth trend. The project involved the acquisition of approximately 3.69 acres of prime land at 125 Town Center Drive, near the intersection of Dean Forest Road and Town Center Drive. The development plan for this property included the design and construction of a 59-unit upscale apartment community, tailored to meet the increasing demand for high-quality residential options in suburban settings.
The offering, structured under SEC’s Rule 506(c), allowed Roberts Properties to publicly solicit investors, broadening the potential investor base while adhering to stringent accreditation standards. TOBIN’s role was crucial in ensuring robust compliance throughout this process, thereby protecting investor interests and maintaining the integrity of the offering.
Encore on the Green not only aims to provide substantial income through cash distributions following the construction and stabilization of the property but also targets a 15% simple annual rate of return to each investor through strategic capital appreciation. The business strategy involves selling the property and distributing the net sales proceeds to investors, prioritizing the return of their original investment plus any accrued but unpaid Preferred Return. This approach reflects a deep understanding of the investment landscape and the specific dynamics of suburban real estate markets.
Roberts Properties has adeptly focused on suburban areas characterized by high barriers to entry, which significantly curtails future competition. The choice of Garden City for Encore on the Green leverages forecasts that anticipate continued population and job growth, alongside higher household income levels in the suburbs compared to their urban counterparts. Such strategic site selection underscores Roberts Properties’ commitment to creating developments that are not only financially viable but also beneficial to the community and appealing to a discerning tenant base.
The success of this project and the enduring relationship between TOBIN and Roberts Properties exemplifies the benefits of having a dedicated and experienced MBD. Justine Tobin’s leadership in overseeing the detailed and compliant execution of multiple offerings has cemented TOBIN’s reputation as a trusted partner in the securities industry. This partnership has facilitated Roberts Properties’ ability to consistently exceed investor expectations and deliver on its promises of building community-centric, profitable real estate investments.
The case of Encore on the Green, LLC is a testament to the synergistic collaboration between a visionary real estate developer and a skilled Managing Broker-Dealer. It highlights the importance of strategic project selection, meticulous regulatory compliance, and investor-focused financial structuring in creating successful real estate investment opportunities. As this development goes up for lease, it stands as a beacon of the potential that thoughtful suburban development holds for the future of real estate investment, promising substantial returns and enduring community value.
