EquityMultiple has an active listing for Lee's Summit Development, a build-for-rent, master-planned community of townhomes and villas in Lee's Summit, Missouri. The community will be named The Montage at Lee's Summit, and EquityMultiple has a head-turning target net internal rate of return (IRR) of 22.8%. Is this realistic? Let's dig in. Offering Snapshot: Property Type: Townhomes Investment Type: Equity Target Closing: January Target Hold Period: 36 Months Minimum Investment: $15,000 Projected

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