1.0 Executive Summary
1.1 Company Information:
Marriott Real Estate Group, LLC
Phillip Marriott
620 Callan Ave,
Evanston, IL 60202
1.2 Introduction:
Marriott Real Estate Group, LLC (The Company) is a Special Purpose Vehicle (SPV) created by Marriott Construction & Real Estate for the Purchase, Development, Sale or Lease of Real Property.
The Company has filed SEC Form D, Notice of Exempt Offering of Securities and established an Escrow Holding Account with Instructions aligned with Personal Placement Memorandum.
1.3 Location:
The Company is Currently Operates from Office located in Evanston, Illinois 60202.
2.0 Company Mission and Objective:
2.1 Mission
The Mission of The Company is to Build and Operate a Successful Development Company with Critically Analyzed investments to Reduce Risks and Improve Profits.
2.2 Objectives
The Company will Maintain a balanced approach to income and growth by targeting preferred returns of 8% to 12% per annum and total internal rate of returns of 20% to 25% (net of management and performance fees).
· Partially developed, Subdivided property for Planned Developments.
· Undeveloped real estate with appropriate Zoning, Utility and Infrastructure required.
· Existing residential and commercial buildings retrofits and rehabilitation.
· Equity Investment or Partnerships with Developers and Contractors for Commercial Developments.
3.0 Summary of Offering:
3.1 Personal Placement Memorandum
Marriott Real Estate Group, LLC is offering a minimum of 5,000,000 and a maximum of 10,000,000 membership units for $1.00 per unit, minimum purchase $5,000/5000 units.
3.2 Escrow Holding
Investment Funds will be deposited into an Escrow Holding Account into which the minimum offering proceeds will be placed. At least 5,000,000 Units must be sold for $5,000,000 before such proceeds will be released from the escrow account and utilized by the Company. After the minimum number of Units is sold, all subsequent proceeds from the sale of Units will be delivered directly to the Company.
3.3 Escrow Instructions
At least 5,000,000 Units must be sold for $5,000,000 before such proceeds will be released from the escrow account and utilized by the Company.
4.0 Stakeholders:
4.1 Investments
All proceeds received from Investor Subscription Commitments to acquire Membership units and held in a Funding Account. The Fund will distribute to its owners all distributions it receives through Real Property Development & Investment. (2) Units may also be sold by FINRA member brokers or dealers who enter into a Participating Dealer Agreement with the Company, who may receive commissions of up to 10% of the price of the Units sold.
4.2 Communications
The Company will provide best in class reporting and on demand access to their Investments via Investor Portal and will furnish to the investors after the close of each fiscal year an annual report containing audited financial statements of the Company prepared in accordance with generally accepted accounting principles and a statement setting forth any distributions to the investors for the fiscal year.
4.3 Membership
A Member's entire Interest in the Company including such Member's Economic Interest and the right to participate in the management of the business and affairs of the Company, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to the Operating Agreement.
5.0 Development Responsibilities:
5.1 Description of Tasks
1. Complete Risk Assessments and Management Plans to Control Cost, Schedule, and Quality.
2. Purchase property or partner with Landowners through equity or Owner financing.
3. Procure Architecture, Engineering, Builder or Contractor Services for Planning and Construction.
4. Provide or Procure Property Management Services.
6.0 Professional Resources:
6.1 Management
Projects will be Programmed & Managed by Marriott Construction & Real Estate who will Procure all needed Professionals required for Execution such as;
· Certified Accountants,
· Real Estate Attorneys,
· Real Estate Brokers,
· Building Contractors, and
· Property Management Associations.
7.0 Financial Summary:
7.1 Objective
The Company will Maintain a balanced approach to income and growth by targeting preferred returns of 8% to 12% per annum and total internal rate of returns of 20% to 25% (net of management and performance fees).