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Confidential — For Accredited Investors Only
Co-Investment Opportunity

The Kimberly

A 360-unit Class-A multifamily community in metro Atlanta's most supply-constrained growth corridor — stewarded in partnership with Four Stones Real Estate.

Location
Hall County, GA
LP Raise
$20M Equity
Date
Q3 2026
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The Kimberly
Conceptual Rendering · Hall County, GA
Executive Summary · Direct Co-Investment

Institutional real estate. Stewarded with conviction.

Investing With Purpose is raising $20M in LP equity for a direct co-investment alongside Four Stones Real Estate in The Kimberly — a 360-unit Class-A multifamily community in one of Georgia's most supply-constrained growth corridors.

Every dollar works twice: once for durable, tax-efficient returns, and once for Kingdom impact through our Purposed CARE Initiative — embedding on-site ministry and local church partnership into the community from day one.

21.5%
Projected Project IRR
5-year hold, unlevered of GP promote
2x
Equity Multiple
Project-level, 5-year hold
9.64%
Stabilized Cash-on-Cash
Year-10 underwriting
10%
Preferred Return
Then 70 / 30 LP–GP split
$20M
LP Equity Raised
$500K min · 1.5% AUM · Accredited only

"Whatever you did for one of the least of these brothers and sisters of mine, you did for me."

Matthew 25:40

01 · The Opportunity

A once-in-a-cycle entry point into one of the Southeast's strongest suburban growth stories.

Three structural forces are converging in Hall County, Georgia — and a county-wide multifamily moratorium (enacted Aug 2025, extended through Aug 2026) has effectively closed the window on new competing supply. Fully-entitled site plan · 30.3 acres · 360 units.

01 · Supply Vacuum

Zero new starts in 2025 or 2026.

CoStar's drought outlook extends into 2026 — The Kimberly delivers with no direct competing supply in lease-up.

02 · Affordability Gap

$120K+ income to buy a median home.

Median actual household income is $87K — funneling middle-income professionals into rental demand.

03 · Infrastructure

$565M medical expansion within 4 minutes.

Hwy 211 widening and the Blue Ridge Connector inland port (2026 opening, direct rail to Port of Savannah).

02 · Why Investing With Purpose

We help faith-driven investors build lasting wealth. Without compromising their values.

IWP is a faith-driven, values-centered private equity real estate firm focused on institutional-quality multifamily. We underwrite to institutional standards, operate with stewardship, and embed Gospel-centered ministry into every community we own.

Institutional

Disciplined underwriting, institutional sponsor partnerships, and top-tier third-party operators.

Faith-Driven

Purpose-centered, non-preachy. Ministry is integrated as a strategic operating advantage, not a marketing layer.

Warm & Human

Real residents, real community. We invest in neighborhoods, not just buildings.

Data-Driven

Every Purposed CARE touchpoint is measured against NOI drivers — retention, reputation, and leasing velocity.

03 · Partnership

A mutually beneficial partnership rooted in shared values.

IWP is co-investing with established Four Stones Real Estate — the private real estate firm founded and solely owned by Andrew T. Cathy to scale a generational, long-term real estate strategy concentrated in the Southeast.

"Like his grandfather Truett, Andrew's passion is to steward all with which he has been entrusted." — Four Stones Real Estate

30+
Direct Investments · since 2020
3
Institutional Funds
$1B+
Portfolio Footprint
90/10
JV Alignment · FSRE 10% GP equity

A leadership bench built at the intersection of institutional capital and private stewardship.

FSRE's senior team was assembled from Chick-fil-A Real Estate, global investment banks, and Sunbelt development firms — and is backed by a proprietary retail & demographic sourcing engine.

AC
Andrew Cathy
Owner — CEO, Chick-fil-A Inc. Atlanta Community Food Bank board; Point University trustee.
BG
Blake Goodman
Chief Executive Officer — Former Executive Director of Real Estate Investments for Andrew Cathy.
GS
Greg Skowronski
Chief Investment Officer — Williams Realty Advisors, Five Mile Capital, JLL, UBS.
BB
Brantley Basinger
Chief Development Officer — Multifamily, student housing, mixed-use, sporting-facility development.
2020
Platform founded. Andrew Cathy consolidates family real estate strategy under FSRE.
2021
Fund I co-sponsored. First institutional co-sponsored vehicle alongside private investors.
2023
Sourcing engine live. Retail network + demographic dataset informing every underwrite.
2025
30+ direct investments · 3 funds. The Kimberly direct co-investment opens to IWP LPs.
Engine
FSRE identifies well-located multifamily before it hits market. The Kimberly parcel was sourced through this network — adjacent to a mapped retail corridor.

Representative portfolio · 30+ direct investments

Multi-Family · Investor
Premiere Lofts at Trilith
Fayetteville, GA · 2020 · 263 units · $82M exit
Multi-Family · Developer
Flagship Kerns
Knoxville, TN · 2021 · 160 units
Multi-Family · Developer
Flagship Carrollton
Carrollton, GA · 2020 · 156 units
Sports · Developer
Arthur M. Blank U.S. Soccer National Training Center
Fayette County, GA · 2026 · 17 pitches · 300K SF
Entertainment · Developer
Trilith LIVE
Fayetteville, GA · 2025 · 700K SF mixed-use
Movie Studios · Developer
Trilith Studios
Fayetteville, GA · 2023 · 1M SF purpose-built
Retail · Developer
Kern's Bakery
Knoxville, TN · 2024 · 70K SF rehab
04 · The Asset

The Kimberly

A 360-unit Class-A garden-style community on 30.3 acres in unincorporated Hall County — delivered by a best-in-class development team with a long-term ownership mindset.

The Kimberly — community The Kimberly — interiors
LocationHall County, GA
TypeGarden · 3 Stories
Units360
Avg. Unit1,035 SF
Dev Cost$86.6M
Per Unit$240K
Density11.9 / acre
Parking1.74 / unit
DeliveryQ3 2028
StabilizationJul 2029
6.51%
Untrended YOC
9.64%
Stabilized COC
2x
5-Yr EMx
05 · Location & Market

A thriving growth corridor between I-85 and I-985.

The Kimberly sits at the intersection of demographic tailwinds, infrastructure investment, and retail density — all anchored by top-ranked schools.

221K
Hall County Population
2.28%
Annual Pop. Growth
$87K
Median HH Income
3.1%
Unemployment
Catalyst

Blue Ridge Connector inland port opening 2026 — direct rail access to the Port of Savannah — plus $565M Northeast GA Medical Center expansion within 4 minutes of the site.

Retail Corridor

Publix · Lowe's · Chipotle · Starbucks · LongHorn Steakhouse — all within the Highway 211 retail spine. Cherokee Bluff school cluster ranked #1 in Hall County.

Top Employers (Drive Time)
NGMC – Braselton4 min
Chateau Elan Resort6 min
UNG Gainesville12 min
NGMC – Gainesville18 min
Kubota Manufacturing20 min
05 · Supply & Demand

Demand accelerated. Supply collapsed.

Construction starts in the Oakwood / Flowery Branch submarket averaged 864 units/year from 2020–2022. Hall County's multifamily moratorium (enacted Aug 2025, extended through Aug 2026) keeps the pipeline frozen as we deliver — and The Kimberly is fully entitled, ready to lease into the supply gap.

Structural Moat
Zero MF starts YTD '25 or '26
Aug 2025 moratorium extended through Aug 2026
Cost-sharing reduces tap fees from $10K to $4.5K/unit
Leases into a fully-absorbed 2020–2022 supply wave
06 · Financials

Disciplined underwriting. Institutional outcomes.

Five-year hold. Trended rent growth of 3.0% (below CoStar's near-term forecast). 5.50% reversion cap rate. Cost basis 15–16% below recent comparable sales in the submarket.

Projected Returns
21.5%
Project IRR · Deal-level, 5-yr hold
2.00x
Equity Multiple · Deal-level
17%*
Projected LP IRR · Net of fees & promote
1.75x*
Projected LP Multiple · Net of fees & promote
6.51%
Untrended YOC · Property-level
9.64%
Stabilized COC · Property-level
$86.6M
Total Dev Cost · $240K / unit
57.5%
Construction Loan · $49.8M senior debt

*Projected LP returns. Preliminary — subject to PPM modeling.

Sources & Uses
Construction Loan$49.8M · 57.5%
LP Equity$33.1M · 38%
GP Equity$3.7M · 4%
Total Capitalization$86.6M
Development Timeline
Q1 '26LDP issuance & shared infra
Sep '26LP close · land close · start
Feb '28First residents move in
Aug '28Final CO · project complete
Jul '29Stabilization — 95% occupancy
06 · Investment Terms

Aligned, transparent. Built for long-term partners.

We've structured this direct co-investment for a concentrated, mission-aligned group of large check-writers — investors who share the AMP mission and understand that stewarded capital builds deeper communities.

Why $500K Minimum

A higher minimum keeps the LP roster small, aligned, and relational — so every investor is a values-aligned partner, not just a line on a cap table.

LP Raise$20,000,000
Minimum commitment$500,000
Preferred return10.0%
Promote split (after pref)70 / 30 LP–GP
Asset management fee1.5% AUM
Investor qualificationAccredited Only
Target hold5 Years
DistributionsQuarterly, post-stab.
07 · Purposed CARE Initiative

Every dollar works twice.

Once for profit, once for purpose.

AMP pairs on-site ministry teams with local church partnerships to serve residents from day one — driving measurable NOI lift through retention, reputation, and reduced staff burden.

Spiritual Growth

Presence, prayer, discipleship — Discovery Bible Studies, prayer walks, and Mission 98 resources, hosted by Apartment Life teams and local church partners.

Community Needs

Tangible care & support — farmer's markets, backpack drives, van ministry for transportation, Toys for Tots, food co-op programs.

Educational Growth

Life skills & tutoring — Financial Peace University, resume & business coaching, cooking classes, after-school and summer tutoring.

Outreach

Acts of care & welcome — new-resident welcomes, renewal visits, holiday & milestone celebrations, grief & joy touchpoints.

AMP isn't charity. It's strategy.

Apartment Life's platform delivers over 12,000 events annually across 140,000 units. The operating results show up where it counts: in renewals, reviews, and NOI.

+18%
Reputation Lift
+40
Renewals / Year
83%
Trust Reviews
$450
Daily Savings
Investing With Purpose Impact · 2024 / 2025
1,611
Residents Impacted
172
Acts of CARE
75
Welcome Visits
59
Outreach Events
13
Salvations

"I felt seen and cared for today. It reminded me that God hasn't forgotten me."

— Resident Testimony

08 · Sponsor & Team

Experienced hands. Aligned hearts.

Investing With Purpose sponsors the offering; Four Stones Real Estate leads the development. Best-in-class third parties execute every pillar — from construction to property management.

Investing With Purpose — Sponsor
SL
Steven Libman
Founder & Managing Partner
JW
Jason Weaver
Chief Executive Officer
CS
Celia Szieber
Dir., Investor & Nonprofit Relations
Four Stones — Co-Sponsor & Developer
AC
Andrew Cathy
Owner, FSRE · CEO, Chick-fil-A
BG
Blake Goodman
Chief Executive Officer
GS
Greg Skowronski
Chief Investment Officer
General Contractor
Live Oak Contracting
#1 fastest-growing private GC · Sunbelt multifamily
Architect
Humphreys & Partners
North America's leading multifamily design firm
Civil Engineer
LJA Engineering
Multifamily & mixed-use site infrastructure
Interior Design
Crosby Design Group
400+ multifamily projects across the Eastern U.S.
Property Mgmt
RAM Partners
85K+ units under management · 25K+ lease-ups
08 · Next Steps

Let's steward something that outlives us.

We're reserving this co-investment for a small, mission-aligned group of investors. If The Kimberly and the Purposed CARE Initiative resonate with you, we'd love to walk through the full offering documents together.

01

Introductory call

02

PPM & diligence materials

03

Subscription & funding

Contact
steven@iwpurpose.com
Schedule
908.489.5136
Terms
$500K min · 10% · 70/30
I'm Interested All offerings
Disclosures & Forward-Looking Statements

Confidential. For use by the intended recipient only and not to be disclosed to third parties. This communication does not constitute an offer to sell or a solicitation of an offer to buy any securities. Offers are made only by means of the official offering documents and only to accredited investors in accordance with applicable securities laws.

Forward-Looking Statements. This presentation contains forward-looking statements and information, including statements concerning future financial performance, ongoing business strategies or prospects, and possible actions taken by us. These statements involve external risks and uncertainties and are based on current expectations and projections about future events, many of which are beyond the control of our management team.

No Guarantee of Results. Investing in private real estate offerings involves risk, including the potential loss of principal. Past performance is not indicative of future results. Any references to financial returns, impact, or projections are for illustrative purposes only and should not be relied upon as a prediction or projection of actual results.

Testimonials. Statements and opinions expressed in any testimonial are those of the individual investor and do not necessarily reflect the views of Investing With Purpose, Integrity Holdings Group, or Four Stones Real Estate. Testimonials may not be representative of the experience of other investors.

Data Sources. Market and demographic data compiled from CoStar, U.S. Census Bureau, Redfin, Federal Reserve, and public filings. For details regarding sources and methodologies, contact steven@iwpurpose.com.

Consult Advisors. Prospective investors should consult their own financial, tax, and legal advisors before making any investment decision.