Pierside Capital Announces Follow-On Investment with Madison Resorts in Wildwood Crest, NJ
1/19/24 Huntington Beach, California: Pierside Capital is pleased to announce a follow on investment with Madison Resorts in Wildwood Crest, NJ. Back in May 2023, through its relationship with Emerson Equity LLC and affiliate Schelin Uldricks & Co., Pierside Capital’s principals provided co-G.P. capital for the acquisition of a 70-key boutique hotel in Cape May, NJ. Now, the firm’s principals have provided an additional equity investment with Madison Resorts to acquire and reposition 2 adjacent hotels in nearby Wildwood Crest, NJ totaling 198-keys.
“This investment further demonstrates our group’s ability to source attractive opportunities and invest programmatically with emerging sponsors,” commented Derek Uldricks, Managing Partner. Our investment group has helped Madison Resorts increase the size of its portfolio in the south New Jersey Market and positioned them for even further growth.
The recently acquired properties include the Oceanfront Motel (110-keys) and the Royal Hawaiian Resort (88-keys). Both properties will undergo significant renovation in the coming months and be operated together as Madison Resort Wildwood Crest.
About Pierside Capital
Pierside Capital is a real estate private equity firm affiliated with Schelin Uldricks & Co., a Huntington Beach, CA based capital markets and investment banking services firm. Through this affiliation, and our relationship with Emerson Equity LLC, we source off-market special situation investment opportunities and offer them to accredited investors, qualified purchasers, institutional investors and family offices. We structure our investments as Participating Preferred Equity, Limited Partnership Equity, or Co-General Partnership Equity.
Our investments are typically off-market and the principals of Pierside Capital are intimately involved in the negotiation, analysis, and structuring of every deal. The principals of Pierside Capital have spent their careers in real estate and have the necessary know-how to properly structure, underwrite and execute transactions in a way that protects investor capital and maximizes returns.
Our pledge to our investor network is simple. Do everything we can to understand the investment opportunities inside and out. Find investments that we want to invest in ourselves, and bring along our network to participate as partners.
Important Disclosures
The contents of this communication: (i) do not constitute an offer of securities or a solicitation of an offer to buy securities, (ii) offers can be made only by the confidential Private Placement Memorandum (the “PPM”) which is available upon request, (iii) do not and cannot replace the PPM and is qualified in its entirety by the PPM, and (iv) may not be relied upon in making an investment decision related to any investment offering by an issuer, or any affiliate, or partner thereof (“Issuer”). All potential investors must read the PPM and no person may invest without acknowledging receipt and complete review of the PPM. With respect to any targeted goals and performance levels outlined herein, these do not constitute a promise of performance, nor is there any assurance that the investment objectives of any program will be attained. All investments carry the risk of loss of some or all of the principal invested. These targeted factors are based upon reasonable assumptions more fully outlined in the Offering Documents/ PPM for the respective offering. Consult the PPM for investment conditions, risk factors, minimum requirements, fees and expenses and other pertinent information with respect to any investment. These investment opportunities have not been registered under the Securities Act of 1933 and are being offered pursuant to an exemption therefrom and from applicable state securities laws. All offerings are intended only for accredited investors unless otherwise specified. Past performance is no guarantee of future results. All information is subject to change. You should always consult a tax professional prior to investing. Investment offerings and investment decisions may only be made on the basis of a confidential private placement memorandum issued by Issuer, or one of its partner/issuers. Issuer does not warrant the accuracy or completeness of the information contained herein. Thank you for your cooperation.
Securities offered through Emerson Equity LLC Member: FINRA/SIPC. Only available in states where Emerson Equity LLC is registered. Emerson Equity LLC is not affiliated with any other entities identified in this communication.
Real Estate Risk Disclosure:
- There is no guarantee that any strategy will be successful or achieve investment objectives including, among other things, profits, distributions, tax benefits, exit strategy, etc.;
- Potential for property value loss. All real estate investments have the potential to lose value during the life of the investments;
- Change of tax status. The income stream and depreciation schedule for any investment property may affect the property owner’s income bracket and/or tax status. An unfavorable tax ruling may cancel deferral of capital gains and result in immediate tax liabilities;
- Potential for foreclosure. All financed real estate investments have potential for foreclosure;
- Illiquidity. These assets are commonly offered through private placement offerings and are illiquid securities. There is no secondary market for these investments.
- Reduction or Elimination of Monthly Cash Flow Distributions. Like any investment in real estate, if a property unexpectedly loses tenants or sustains substantial damage, there is potential for suspension of cash flow distributions;
- Impact of fees/expenses. Costs associated with the transaction may impact investors’ returns and may outweigh the tax benefits
- Stated tax benefits. Any stated tax benefits are not guaranteed and are subject to changes in the tax code. Speak to your tax professional prior to investing.