Silversmith Creek
Silversmith Creek apartments feature fully equipped kitchens including garbage disposal, dishwasher, extra pantry space, and cozy breakfast bars, separate dining areas, washer and dryer hookups, linen closets and a private balcony or patio. Community amenities include a sparkling swimming pool, playground, fitness center, a stocked fishing pond with a dock, and convenient on-site laundry centers. Residents enjoy living minutes from the JTA bus line, hospitals, shopping, dining, and entertainment.Â
Performance Metrics
Targeted
Investor IRR:
11.4%*
Targeted Average
Cash Yield:
4.7%*
Liquidity
Secondary Market
Targeted Equity Multiple:
1.5x*
Price Per Token
$1
Target Period
5 Years
Jacksonville, Florida

Jacksonville is north Florida’s largest MSA with a population of 1.5 million, 40th largest MSA in the nation, and with a landmass of 747 square miles, the city of Jacksonville is the country’s largest city. This five-county MSA is tucked away in the northeast corner of the Sunshine state along the Florida-Georgia line and the Atlantic Ocean making it the state’s ‘First Coast’. The St. Johns River is Florida’s longest river and runs north through the city of Jacksonville and out to the Atlantic ocean helping the city to become known as the ‘River City by the Sea’. In 1968 the governments of the city of Jacksonville and Duval County consolidated, hence the city’s oversized land mass, with Jacksonville serving as the county seat and the MSA’s primary city.
Demographics




Market Comparables


Unit Layout

1 Bed 1 Bathroom | 650 sqft

2 Bed 2 Bathroom | 970 sqft

2 Bed 2 Bathroom | 1090 sqft

3 Bed 2 Bathroom | 1150 sqft

Meet The Sponsor

Jeff Edwards
Co-Founder - Lofty Asset Management
In 2012, Jeff joined with The Banker’s Code and George Antone to provide Private Equity Funding to other investors, specializing in deal structure; acting like a bank. They began financing other real estate investors who were doing single family fix-and-flips. They performed property and site-rehab oversight; working closely with their team of licensed professionals. Through this experience, they developed a large network of Real Estate Investors.
Jeff was introduced to Brad Sumrok and the RatRace 2 Retirement Program in 2014. It had been Jeff and Carl’s common goal to acquire multi-family properties to create a passive stream of income as a retirement tool. Having a Mentor like Brad on their team quickly moved their goals into fruition. As a member of the Sumrok ecosystem, Jeff, along with his team, was able to acquire an 80 unit apartment complex in 2015. With Jeff’s medical experience and the philosophy of “See One, Do One, Teach One”, he was able to see that first deal go full cycle (underwrite, purchase, run, and sell). Since then, “The Twins” were able to lead a team to purchase both a 140 unit and a 104-unit property in
Northeast Florida in 2018. In 2019, they passively invested in a 100-unit property in Dallas, and in 2020, during the pandemic, acquired a 32-unit property on the outskirts of Charleston, SC. As Deal Sponsors and Asset Managers, today, they oversee multiple properties, working closely with their third party Property Management teams, staff, residents, and more than 120 investors.
Drawing on his medical experience, his private lending experience, and his multifamily investing through syndication, Jeff has moved his focus to the growing population of Elderly Care. He joined the Residential Assisted Living Academy with Gene Guarino in 2019. Following the trend of the “Silver Tsunami” The Twins acquired a Residential Assisted Living Home in Scottsdale, Arizona in July 2020. This residence limits the number of guests to ten, with each having a private bedroom, with a full private bathroom; 24 hour care staff; a chef; and assisted care for the elderly.
The Twins have begun two projects in Brasil – a 25-bed Assisted Living Home in Sao Paulo, and a 32-unit Apartment complex in Ilha Bela (approximately two hours west of Rio de Janeiro).
The Twins continue to underwrite properties in Florida, and are assisting relationships to begin their journeys in Deleware and South Florida. They love meeting and building relationships with other like-minded individuals!

Carl Edwards
Co-Founder - Lofty Asset Management
In 2014, Carl, along with his identical twin brother Jeff, “The Twins” joined their mentor and coach, Brad Sumrok, investing in multi-family properties. With their previous experience and connections, they were able to acquire an 80-unit apartment complex in Jacksonville, Florida in 2015. Using his twin brother’s medical mentality of “See One, Do One, Teach One”, they took that first apartment complex full cycle and built upon it. Using conservative underwriting, The Twins led a team of more than 100 Passive Investors to purchase both a 140 unit and a 104-unit property in Northeast Florida in 2018. In 2019, “The Twins” passively invested in a 100-unit property in Dallas and a 32-unit property in Summerville, SC (Charleston area). Drawing upon their experiences in real estate investing, both single family and multi-family; equity funding; syndication; and networking; Carl is expanding his focus to the growing population of Elderly Care. Seeing the aging of their own parents and the need for senior assistance, Carl and Jeff see a great need for helping the “Baby Boomers” and giving them a place with dignity, love, and care. During the pandemic, we acquired a 10-bed, multi-million dollar home in the beautiful Scottsdale, AZ area. We are beginning a 25-bed Assisted Living Home in Sao Paulo, Brazil (Carl’s wife’s home city), and a 32-unit Apartment complex in Ilha Bela (approximately two hours west of Rio de Janeiro). We continue to underwrite opportunities and build relationships with like-minded individuals.
For more information, please contact:
Ed Nwokedi
Email: ed@redswan.io
Phone: +1(713)-360-7928
Ticker Symbol: RSSIL
Investment Opportunity
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