Mid-market residential development serving Kutaisi's growing university population.
Overview
118 apartments across two towers on the Rioni River. Pre-sales already at 38%.
Investment thesis
University-driven demand. Lower per-sqm cost than Tbilisi.
Financials
Project your return
Project your return
See what $1,000 could become over 4 years at the projected 13.6% IRR.
Annual income (Y1)
$136
Total return
$665
Estimated value at exit
$1,665
Money multiple
1.67×
Modeled range: $1,166 – $2,165 at exit. Pessimistic/optimistic 30% band - actual results vary by market conditions, exit timing, and operator execution.
Projections only. Private-market investments are illiquid and may lose value.
Independent valuation
Independent property valuation
What is comparable real estate worth?
Comparable-sales estimate using Q2 2026 benchmarks for Georgian residential & commercial property. Adjust the inputs to model your own assumptions.
Estimated value
$75.5K
Price / m²
$1,007
Comparables
20
Confidence
High
Kutaisi · price / m² · 2020–26
CAGR +7.4% / yr · YoY +1.5%
$720/m²
YoY price change
+1.5%
5-yr CAGR
+7.4% / yr
Transactions / year
~5,300
Gross rental yield
8.2%
Market read · Smaller market, slower turnover. New free-economic-zone policies and Kutaisi Int'l Airport route expansion are tailwinds for centre districts.
How we got there - adjustment factors
City × district
1.30×
Condition
1.05×
Floor
1.00×
Age
0.98×
Parking
1.04×
Risks
Private-market investments are illiquid and may lose value. Returns are projected, not guaranteed. Read the full risk disclosure in the prospectus before committing capital. Tokens are subject to regulatory transfer restrictions and a minimum holding period.
Documents
- ProspectusPDF · Available after KYC
- Subscription AgreementPDF · Available after KYC
- Legal OpinionPDF · Available after KYC
- Valuation ReportPDF · Available after KYC