Cannery Lofts Apartments - Wealth Management

DAYTON, OH
PROPERTY FEATURES
Cannery Lofts is a 156-unit apartment community. Cannery was
constructed as an industrial building in 1838 and subsequently
renovated and converted into an apartment community. The most
recent renovation was completed in 2001. Cannery is comprised
of one 5-story and one 6-story building which together encompass
approximately 160,000 rentable square feet of apartment rental
space and approximately 40,000 rentable square feet of retail
space. Cannery offers tenants amenities including a fitness center,
clubroom, roof deck, parking and elevators.
Cannery Lofts
Apartments
PROPERTY LOCATION
Cannery is located at the northern end of Dayton’s “Oregon District,”
a neighborhood in downtown Dayton that has numerous restaurant
and entertainment venues. Cannery is also situated within five miles
of most of Dayton’s major employers, including Wright Patterson
Air Force Base, the University of Dayton and Miami Valley Hospital.
RISK FACTORS
» No public market currently exists for
our shares of common stock, and we
have no current plans to list our shares
on an exchange.
» We set the offering price arbitrarily.
This price is unrelated to the book
or net value of our assets or to our
expected operating income.
» We have a limited operating history,
and as of June 30, 2011, our total
assets were $44.5 million, and
consisted primarily of $39.0 million
of investments, $900,000 of cash,
and $4.0 million of deferred offering
costs. We have not identified all of
the investments to acquire from the
proceeds of this offering. Consequently,
you will not have the opportunity to
evaluate all of our investments before
we make them.
» We are dependent on our advisor
and its affiliates to select investments
and conduct our operations and this
offering. Our advisor has a limited
operating history and no experience
operating a public company.
» We pay substantial fees and expenses
to our advisor, its affiliates and brokerdealers,
which payments increase the
risk that you will not earn a profit on
your investment.
» Our executive officers and some
of our directors face conflicts of
interest.
» We may lack diversification if we raise
substantially less than the maximum
offering.
» There are restrictions on the ownership
and transferability of our shares of
common stock. See “Description of
Shares – Restriction on Ownership of
Shares”, found in the prospectus.
» Our charter permits us to pay
distributions from any source, including
from offering proceeds, borrowings,
sales of assets or waivers or deferrals
of fees otherwise owed to our advisor.
To the extent these distributions
exceed our net income or net capital
gain, a greater proportion of your
distributions will generally represent
a return of capital as opposed to
current income or gain, as applicable.
Our organizational documents do not
limit the amount of distributions that
we can fund from sources other than
from cash flows from operations.
» We may change our targeted investments
without stockholder consent.
» Some of the other programs sponsored
by our sponsor, Resource Real Estate,
Inc. (“RRE”) have experienced adverse
business developments or conditions.
RESOURCE REAL ESTATE, INC.
One Commerce Square
2005 Market Street, 15th Floor
Philadelphia, PA 19103
For information call (866) 773-4120
or email Sales@ResourceREIT.com
www.ResourceREIT.com
FA4-REIT1-D 101411