Double Your Investment by Investing alongside us in this Premium Build-to-Rent Community in High-Growth Ohio Market

Invest alongside an experienced developer with a proven track record in a 200-home build-to-rent rental community ideally positioned between Cincinnati and Dayton's expanding job markets

Legacy Makers Group, in partnership with Red River Development, presents Stone Ridge. An institutional-grade Build-to-Rent community offering compelling returns through proven development and professional management.

This rare opportunity allows investors to participate in the rapidly growing BTR sector alongside an experienced team that has delivered over 1,500 rental homes across five successful communities.

Premium Community, Exceptional Returns

Stone Ridge is a 200-home rental community in Centerville, Ohio, positioned between Cincinnati and Dayton. The project offers:

  • Projected 25.1% IRR for limited partners

  • 1.9x equity multiple

  • Income starting Q1 2025

  • Professional management by Trulo Homes

By investing in Stone Ridge, you gain access to a market where median household incomes have grown 23% in five years and surrounding home values range from $400,000 to $800,000. The community sits minutes from Wright-Patterson Air Force Base, which employs over 30,000 people, ensuring strong rental demand.

Investment Highlights

Red River brings institutional-quality development to high-growth secondary markets.

The Stone Ridge investment combines:

Strategically positioned between two major job markets, Stone Ridge offers residents easy access to employment while maintaining the benefits of suburban living.

Carefully structured to protect investor capital, the development includes personal guarantees from principals on construction loans and costs, along with conservative 65% loan-to-cost financing.

Outperforming market rents by 15-20%, Red River communities consistently reach stabilization ahead of schedule across the portfolio.

This carefully structured opportunity combines the stability of new construction with the growing demand for premium rental homes, managed by a team that has repeatedly demonstrated success in the BTR sector.

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Stone Ridge Build-To-Rent Community

Investment Details

Why we like this deal

  • Premium location between Dayton and Cincinnati with $170k+ median incomes

  • Strong rent premiums (30-40%) over traditional multifamily

  • Experienced sponsor with five successful BTR communities

  • Conservative debt structure provides optionality

  • Vertically integrated property management through Trulo Homes

  • Phased development approach accelerates cash flow

  • Strong institutional demand for stabilized BTR communities

  • Landlord-friendly state with favorable regulations

  • Capitalizes on growing BTR sector and housing affordability challenges

Overview

Red River Development ("Sponsor") is offering investors the opportunity to invest in Stone Ridge, a 200-unit Build-to-Rent community in Centerville, Ohio.

  • Forecasted Equity Multiple: 1.9x - 2.0x

  • I Forecasted IRR: 21-22% (net)

  • Target Cash Flow: 9-10% (starting ~month 30)

  • Hold Period: ~5 years

  • Minimum Investment: $50,000

  • Accredited Investors Only

Project Details

Stone Ridge (Centerville, OH): 200-unit Build-to-Rent Community.

  • Unit Mix: 47 one-bedroom, 87 two-bedroom, 66 three-bedroom

  • Average Unit Size: ~1,000 SF

  • Premium Amenities: Resort-style pool, clubhouse, fitness center, dog park, Gated community with private backyards

  • Average Rent/Unit: $2,381

  • Average Rent/SF: $2.40

  • Construction Duration: 24 months

  • Lease Up Begins: Month 14

Claim one of the limited passive investor spots!

Opportunity closes soon!

This is your opportunity to generate long-term wealth!

21-22%

Target IRR

1.9x - 2.0x

Equity Multiple

190k-200k

Total Projected ROI

based on 100k investment*

9-10%

Target Cash Flow

Seize a limited chance to be part of our select passive investor group. Investors will benefit from owning a high-yield, 200-unit property in Centerville, OH's resilient real estate market, boasting strong occupancy and strategic value enhancements.

*Investment projections are not guaranteed.

Our Partner's Portfolio

Total Units Under Management:

~1,500

Total Portfolio Value:

~$479M

Markets:

5 cities across 4 states

Average Renewal Rate:

60%+

Average Rent Premium vs. Class A Multifamily:

30-40%

This track record demonstrates Red River's ability to:

  • Successfully execute their BTR development strategy

  • Consistently achieve above-pro forma rents

  • Maintain high occupancy rates

  • Create institutional-quality communities

  • Scale operations across multiple markets

  • Build and establish the Trulo Homes brand

Our Partner's Track Record

Trulo Homes Jenks

(Tulsa, Oklahoma) 138 homes

  • Status: Stabilized, generating double-digit cash yields

  • Completed: Q3 2022

  • Performance Highlights:

    • 98% current occupancy

    • Rents 20% above pro forma

    • Stabilized within 6 months

    • Recently refinanced into fixed-rate debt

    • Operating margin: 72%

Trulo Homes Quail Village

(Oklahoma City) 186 homes

  • Completed: Q1 2023

  • Performance Highlights:

    • 95% current occupancy

    • Rents 12% above pro forma

    • Stabilized 2 months ahead of schedule

Trulo Homes Twin Creeks

(Kansas City) 224 homes

  • Completed: Q2 2023

  • Performance Highlights:

    • 88% current occupancy (still in lease-up)

    • Rents 8% above pro forma

    • Pre-leasing exceeded targets by 25%

Trulo Homes Bridle Creek

(Zionsville, IN) 212 homes

  • Completed: Q3 2023

  • Performance Highlights:

    • 75% current occupancy

    • On target with pro forma rents

    • Strong amenity reviews from residents

Trulo Homes Tara Ridge

(Bentonville, AR) 202 homes

  • Completed: Q4 2023

  • Performance Highlights:

    • 65% current occupancy

    • Rents 15% above pro forma

    • Lease-up tracking 3 months ahead of schedule

See Why We're Partnering with Red River Development By Watching This Video!

Their Communities Outperform Projections

The following information is an investment summary provided to prospective investors and others. This information is not an offering to sell either a security or a solicitation to sell a security. At the request of a recipient, the Company will provide a private placement memorandum, subscription agreement and the Limited Liability Company Operating Agreement. The Managing Member in no way guarantees the projections contained herein. Real estate values, income, expenses and development costs are all affected by a multitude of forces outside the Managing Member’s control. This investment is illiquid and only those persons that are able and willing to risk their entire investment should participate. Please consult your attorney, CPA and/or professional financial advisor regarding the suitability of an investment by you.