Osprey Pointe OZ Holdings II, LLC
Washington Opportunity Zone Investment
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Osprey Pointe OZ Holdings II, LLC
Offering Platform
INTRODUCTION
Osprey Pointe OZ Holdings II, LLC began operations with the purpose of acquiring, developing and managing multi-family, commercial, hotel, apartment and mixed-use class real estate assets. Once capitalized, the Fund will commence principal acquisition, development and management operations. The Fund intends to focus on acquiring Qualified Property with significant possibilities for capital appreciation, such as those requiring development, redevelopment or repositioning and those located in Opportunity Zones with high growth potential. The Fund intends to hold at least 90% of its assets as Qualified Property.
Osprey Pointe OZ Holdings II, LLC will help to fund Phase 1 which will include (2) 4-Story Mixed-Use buildings with Commercial spaces on the main level and apartment living above, an approximately 40,000 sq ft 2-story commercial building, the Riverfront Marketplace with attached banquet room and office space and a 350 room Riverfront Hotel with a restaurant on the roof.
This is a key-ready project and, when completed, this will be one of the largest developments in the Pacific Northwest. If enough funds are raised for this offering, we will immediately open Osprey Pointe OZ Holdings III, LLC which will fund an Indoor Event Center, an outdoor Amphitheater and a 55 + Mixed-use rental building. All of which are greatly needed and highly anticipated in our region.
Our proposed new housing and retail development project is a response to the extreme housing demand in the area, featuring sustainable vertical construction of higher density to maximize the use of limited space while minimizing the environmental impact. The development will also include a range of retail services and adjacent water frontage to create a highly desirable living experience for residents.
Our design team has carefully considered the environmental impact of this development, and we are committed to utilizing sustainable construction methods and materials. The vertical construction design will allow for more efficient use of space and a smaller overall footprint, which will contribute to reducing the carbon footprint of the project.
To provide residents with a comfortable and convenient living experience, we will also include a range of retail services within the development. These will include a grocery store, a pharmacy, and a range of dining options, all within easy walking distance of the residential units.
Finally, the development will be adjacent to a stunning marketplace, music and entertainment space, and water frontage, which will provide residents with access to outdoor recreational activities and breathtaking views. The water frontage also creates an opportunity for highly desirable retail development that will further enhance the appeal of the area next to the existing marina. Overall, our new housing and retail development project is a unique and attractive solution to the extreme housing demand in the area.
operations summary
Master Plan
This Fund has been created to develop part of a 55+ acre piece of property located along the Columbia River in Pasco, Washington. This site will become a hub of excitement for Eastern Washington and Oregon with the Master Plan calling for around 1,000 dwellings consisting of detached homes, condos and apartments as well as over 200,000 sq ft of Commercial opportunities including restaurants, a Hotel, a Marketplace for local vendors, a concert/performing arts venue and enhanced waterfront access. This area is known for its vast wine culture and is surrounded by many different agricultural resources and our goal is to support our local growers and small businesses by creating a unique shopping experience where we encourage visitors to stay and play.
OSPREY POINTE PROJECT AMENITIES
Phase 1 will include (2) 4-Story Mixed-Use buildings with a total of 36 – 1400+sf 3-bedroom, 2-bathroom apartments with access to secured parking and private storage space. Below the apartments are 12 - ground-level 1400+sf commercial real estate opportunities that are going to house restaurants and other establishments that will help sustain a living, working, walking community.
A 40,000 sf 2-Story Commercial building is possible to house a grocery store on the ground level.
The Osprey Pointe Marketplace is a 94,000 sf waterfront hub for over 120 local vendors. The first floor will include small restaurants, a Wine Bar, a Beer Tap House, fresh flowers, locally sourced produce and meat market and a variety of small businesses. The 2nd floor of the Marketplace will hold overflow seating for restaurants, an Art Gallery with studio space and a flex space. On the side facing the river will include a 2nd story, 350+ seat banquet room with a full kitchen and outdoor deck and the 3rd story will have 6 office spaces for rent with 3 shared conference rooms.
A 350-room hotel will be next to the Marketplace. This will be a full-service hotel with conference rooms and a planned rooftop restaurant and bar that overlooks both the Columbia River and the Amphitheater.
terms of the offering
$97,000,000
Minimum Offering: $2,000,000
Minimum Investment: $50,000 (10 Units)
The Company is offering a minimum of $2,000,000 and a maximum of $97,000,000 Membership Units at a price of $5,000 per Unit. Upon completion of the Offering between 400 and 19,400 Membership Units will be issued.
Operating Distributions. Distributable Cash from Operations shall be Distributed as follows: (i) Distributable Cash from Operations shall be Distributed 100% to the Class A Members until each Class A Member receives its applicable Preferred Return; and thereafter, Distributable Cash from Operations shall be Distributed 60% to the Class A Members (pro ratably in accordance with their Ownership Interest) and 40% to the Class B Member.
Capital Transactions and Refinancing Transactions. Distributable Cash from Capital Transactions and Distributable Cash from Refinancing Transactions shall be distributed in the following order of priority:
- (i) Distributable Cash from Capital Transactions and Distributable Cash from Refinancing Transactions shall be distributed 100% to the Class A Members until each Class A Member receives its applicable Preferred Return; then
- (ii) Distributable Cash from Capital Transactions and Distributable Cash from Refinancing Transactions shall be distributed 100% to the Class A Members until each Class A Member has been repaid its Capital Contribution; and thereafter
- (iii) Distributable Cash from Capital Transactions and Distributable Cash from Refinancing Transactions shall be distributed 60% to the Class A Members (pro ratably in accordance with their Ownership Interest) and 40% to the Class B Member.
Management Team
The Company is currently managed by seasoned business and sector professionals dedicated to the success of the Company and efficient execution of its planned operations.
James Sexton
James Sexton
Born and raised in the Tri-Cities Washington, the construction industry took James in multiple directions early on. At the age of 19, he went from working as a siding and roofing installer to welding on high-rise apartment buildings and tugboats in the shipping yards.
He moved back home and started working as an Assistant Superintendent and a Project Manager for a private Country Club before opening his first business JMS Inspections Inc. As a Certified Home Inspector, he performed over 11,000 inspections for homes and commercial buildings throughout the Tri-Cities and the Lower Valley.
In 2012, he opened JMS Construction Inc. where he continues to be a General Contractor: “Building and remodeling homes with an Inspector’s eye”. He has built multiple custom and spec homes, assisted in developing 14 lots in Pasco, rezoned 280 acres of raw land to Multi-family / Commercial / Low density / Medium density dwellings in Kennewick and developed and built a 43 Unit Townhome Community also in Kennewick. He co-created the Pasco Waterfront Development District and helped to change over 20 building codes to allow for his current development at Osprey Pointe which is located at the Port of Pasco and is a 55+ acre mixed-use riverfront community that features over 1000 residential dwellings, over 200,000 sqft of commercial space, 7 acres of underground parking, a Marketplace, a hotel, an indoor Event Center, and an outdoor Amphitheater.
James is currently the owner of 5 businesses, has an established relationship with the local Real Estate and Construction Industry, has taught multiple First Time Home Buyers Classes, co-created Pasco’s Business Advisory Council and Pasco’s Development Outreach Committee, belongs to the local Home Builder’s Association, is on the Board of Directors for the Pasco Chamber of Commerce and has a reputation for hard work ethics and is excellent in problem solving.
James is the proud father of 2 children and has been happily married for almost 30 years.
Meredith Sexton
Meredith Sexton
Born in Yakima Washington and raised in Prosser Washington, Meredith is a lifelong resident of the Lower Valley and the Tri-Cities. Her family owned and managed multiple Apple and Cherry orchards where her first job was working cherry harvest as a picker and then a checker before graduating to driving tractors during apple harvest.
She has a passion for farming and promoting agriculture which has proved invaluable as she is spearheading the Osprey Pointe Marketplace which she envisions as a one-stop shopping experience supporting both farmers and local small business owners.
After graduating high school, she went on to Eastern Washington University before moving to Kennewick to attend Columbia Basin College.
She has held multiple jobs where she has been in management positions, working for over 10 years in the Health Care Industry, in Real Estate both as Front Office personnel and as Office Manager for construction and development companies.
Over the last 20 years, she has helped grow and manage JMS Inspections Inc. and JMS Construction Inc. in the development of a multi-unit townhome project and a mixed-use development as well as new construction homes and remodels throughout the Tri-Cities. Our current development at Osprey Pointe is a 10 year multi-phased development consisting of both residential and commercial and is set to become the hub of excitement for our region.
Meredith is also a volunteer Area Contact for the nonprofit organization: Dysphonia International and is dedicated to helping others with Vocal Cord Paralysis/Paresis and other related voice conditions find support and guidance with their condition.
James and Meredith Sexton have been married for almost 30 years and have 2 children.
Sylvia Guerra
Sylvia Guerra
As chief financial officer, Sylvia Guerra is responsible for all the company’s financial functions, including accounting, audit, corporate finance, and investor relations. She also oversees and manages all human resources activities. Her career spans more than 30 years of varied experience in financial management, auditing, and new business consulting.
Prior to joining Osprey Pointe, Sylvia has been a business owner of an accounting firm for 19 years serving corporations in various industries. Prior to starting her accounting firm in 2004, Sylvia served as an Assistant State Auditor with the WA State Auditor’s Office. Prior to her position with SAO, Sylvia was an accountant at Baker & Giles, PS in Pasco WA.
Earlier in her career, Sylvia spent 14 years in the banking industry. Sylvia was employed in both retail banking and commercial loans with banks such as US Bank, Key Bank - Commercial, and Rainier National Bank, holding various positions throughout her banking career.
Sylvia holds a Bachelor of Arts degree in Business Administration with a major in accounting and a Bachelor of Arts in Humanities degree with a major in communication and psychology.
Sylvia and her husband Joe have been married for 38 years and two beautiful children and a teenage grandson.
The JMS Team
CONTACT US
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