The Fund intents to invest in single family homes, multifamily properties, duplexes, land, short term rentals and other real estate opportunities located in the Outer Banks of North Carolina and the broader Corolla, North Carolina market, as well as any other asset the Manager determines may offer attractive returns. Such real estate investments may involve development and construction with final products varying in size and prices within the market. The Fund intends to hold the properties it invests in, aiming to benefit from both rental income and property appreciation. Rental income is anticipated to provide annual returns to investors and equity appreciation is anticipated to provide overall fund valuation and appreciation.
The Fund is targeting properties in Outer Banks, North Carolina (with a focus on short term rentals and developing a short term rental community) due to the management team’s experience and knowledge of the market and developments in both Outer Banks and the greater Corolla, North Carolina area.
Each investment may be structured as either equity or debt with returns structured to such individual investment opportunities as detailed in theIndividual Investment Disclosure and dictated by the market at that point intime
Richard Willis graduated from St Mary’s College of Maryland in 1985. He started his career as a manager for ARA Services in College Dining and completed the total of seven years as Assistant Food Service Director at Gallaudet University. In the fall of 1984 Rick began a career in real estate and construction on the Outer Banks of North Carolina. He was the project manager for the family business Corolla Light Resort Village. Rick became first a Vice President and later President of Outer Banks Ventures. Rick’s work experience has evolved over the years from management of the entities business and legal affairs, design and coordination of the companies development projects as well as strategic planning for the long term of the company.
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