MINT will be 17 upscale, Airbnb-licensed apartments, 2, 3, 4 and 5 bedrooms, designed to accommodate groups traveling together who are seeking a large modern space during their stay in Medellin.
BUILDING HIGHLIGHTS
Unique Luxury Accommodations
Private jacuzzis, spacious high-ceiling apartments, epic views, and unmatched rooftop amenities that set us apart from the competition.
Premier Location
Mint is located in El Tesoro (district of El Poblado), a 5 minute drive to Provenza (nightlife district), a 4 minute walk to Amsterdam Plaza (gastronomic hotspot) and 12 minute walk to El Tesoro mall (luxury shopping destination)
Unique Product in Medellín Market
There are very few premium 3,4, or 5 bedroom apartments available for Airbnb rent in Medellín and demand is high.
Optimized Airbnb Operations for MINT Apartments
All MINT apartments will function solely as Airbnb rentals, offering a unique guest experience. With unified control of all units, this model ensures maximum occupancy, optimized pricing, and substantial savings on operational costs.
INVESTMENT HIGHLIGHTS
Above Average IRR & Cash Flow Yield
While similar projects are priced at $17-25 million COP per M2, MINT offers $11.2 million COP per M2 (project cost), leading to significantly higher returns, including an over 20% cash on cash yield and a 25% net annualized IRR.
Management Investment
The 4 principals have invested $3 million of their personal
funds into the project at the same cost as all other investors.
Tax-Efficient Investment Structure with Deloitte
The investment structure, a U.S.-based real estate investment fund, developed with Deloitte, allows all transactions (investment and distributions) to be made in USD through a flow-through entity. This approach offers several benefits, including optimized operational profits, increased diversification, tax efficiencies, and legal protections.
Greater Diversification
Every shareholder gets exposure to the 2, 3, 4, and 5 bedroom apartments on all floors resulting in reduced risk and more consistent cash flows.
Legal Protections
All partnership contracts are executed in Delaware, United States, which offers significantly better investor protections and a more efficient/transparent legal system than Colombia.
More Control
Total investor pool will be approximately 20 investors so all investors have greater say in the future of the operation.
Performance-Based Fee
Other projects charge a large upfront fee (markup) without guarantees of future project performance. MINT developers charge a much smaller fee, collected at the project’s end, based on performance, and only if investors achieve a minimum 12% annualized return.
CONTACT US
BENJAMIN ROSE
General Partner
