{"id":224702,"date":"2025-03-19T10:24:07","date_gmt":"2025-03-19T10:24:07","guid":{"rendered":"https:\/\/businesnewswire.com\/?p=96255"},"modified":"2025-03-19T10:24:07","modified_gmt":"2025-03-19T10:24:07","slug":"xsite-capital-acquires-268-unit-grove-parkview-for-49-1-million-creating-passive-income-opportunity-for-over-300-professionals","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2025\/03\/19\/xsite-capital-acquires-268-unit-grove-parkview-for-49-1-million-creating-passive-income-opportunity-for-over-300-professionals\/","title":{"rendered":"XSITE Capital Acquires 268-Unit Grove Parkview for $49.1 Million, Creating Passive Income Opportunity for Over 300 Professionals"},"content":{"rendered":"

\"tab\"<\/p>\n

XSITE Capital Investment LLC has successfully <\/span>closed on Grove Parkview<\/span><\/a>, a $49.1 million multifamily property that will generate significant passive income for hundreds of busy professionals participating in the investment.<\/span>
\n<\/span>
\n<\/span>The 268-unit property in Gwinnett County, one of Atlanta\u2019s strongest submarkets, is projected to deliver 15.5-18% annual returns and provide substantial tax advantages, including 27% depreciation benefits in the first year alone.<\/span>
\n<\/span>
\n<\/span>The institutional-grade asset, maintaining a 95%+ occupancy rate, represents XSITE\u2019s continued strategy of acquiring value-add multifamily assets in growth markets with strong fundamentals and expands their portfolio to $217 million and 1,106 doors under management.<\/span>
\n<\/span>
\n<\/span>\u201cGrove Parkview aligns perfectly with our acquisition criteria,\u201d said Tenny Tolofari, Cofounder\/Chief Growth Officer at XSITE Capital. \u201cThe property\u2019s location in Gwinnett County, with its strong school district and economic indicators, positions it well for both stable cash flow and appreciation potential.\u201d<\/span><\/p>\n

YouTube Video: <\/b>https:\/\/www.youtube.com\/watch?v=ZJtwtCvmQ-c<\/b><\/a><\/p>\n

What sets this acquisition apart is XSITE\u2019s unique capital-raising approach. The company raised the equity from hundreds of individual investors, primarily busy professionals such as doctors, engineers, CRNAs and other 9 to 5 professionals seeking passive real estate exposure.<\/span>
\n<\/span>
\n<\/span>\u201cThe multifamily market continues to demonstrate resilience,\u201d said Dr. Julius Oni, CEO\/Cofounder of XSITE Capital. \u201cGrove Parkview represents an institutional-quality asset that\u2019s now accessible to individual investors who previously had few opportunities to participate in deals of this caliber.\u201d<\/span><\/p>\n

Founded by three first-generation immigrants with backgrounds in medicine and technology, XSITE Capital\u2019s distinctive approach involves creating streamlined systems that allow busy professionals to invest in institutional-grade multifamily properties.<\/span>
\n<\/span>
\n<\/span>\u201cWe\u2019ve essentially created a bridge between individual investors and institutional-quality real estate,\u201d added Leslie Awasom, Cofounder\/Chief Operating Officer. \u201cGrove Parkview continues this tradition with projected returns of 15.5-18% annually for our investors.\u201d<\/span><\/p>\n

For more information about Grove Parkview, visit <\/span>https:\/\/www.xsitecapital.com\/grove?utm_source=Closing+PR&utm_medium=Press+Release&utm_campaign=Grove_Parkview<\/span><\/a>\u00a0<\/span><\/p>\n

Grove Parkview is open to accredited investors only<\/span>
\n<\/span>
\n<\/span>About XSITE Capital<\/b>
\n<\/b>XSITE Capital Investment LLC is a multifamily real estate investment firm focused on helping busy professionals build wealth through institutional-grade real estate. With $7.8 million in returns delivered to investors, XSITE Capital is committed to democratizing access to commercial real estate investing and creating generational wealth opportunities for all.<\/span>
\n<\/span>
\n<\/span>Contact Information:<\/b>
\n<\/b>Business: XSITE Capital Investment<\/span>
\n<\/span>Contact Name: Alicia Galloway<\/span>
\n<\/span>Email: agalloway@xsitecapital.com<\/span>
\n<\/span>Website: <\/span>https:\/\/www.xsitecapital.com\/?utm_source=Closing+PR&utm_medium=Press+Release&utm_campaign=Grove_Parkview<\/span><\/a>
\n<\/span>Country: US<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

XSITE Capital Investment LLC has successfully closed on Grove Parkview, a $49.1 million multifamily property that will generate significant passive income for hundreds of busy professionals participating in the investment. The 268-unit property in Gwinnett County, one of Atlanta\u2019s strongest submarkets, is projected to deliver 15.5-18% annual returns and provide substantial tax advantages, including 27%… Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":344,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[374],"tags":[],"class_list":["post-224702","post","type-post","status-publish","format-standard","hentry","category-ipsnews"],"yoast_head":"\nXSITE Capital Acquires 268-Unit Grove Parkview for $49.1 Million, Creating Passive Income Opportunity for Over 300 Professionals - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ipsnews.net\/business\/2025\/03\/19\/xsite-capital-acquires-268-unit-grove-parkview-for-49-1-million-creating-passive-income-opportunity-for-over-300-professionals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XSITE Capital Acquires 268-Unit Grove Parkview for $49.1 Million, Creating Passive Income Opportunity for Over 300 Professionals - Business\" \/>\n<meta property=\"og:description\" content=\"XSITE Capital Investment LLC has successfully closed on Grove Parkview, a $49.1 million multifamily property that will generate significant passive income for hundreds of busy professionals participating in the investment. 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