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YCP CAR WASH PORTFOLIO (OKC)

INVEST
Offering Highlights
 * Strong Growth Forecast: 3 locations fully operational, generated $6.1 million
   in revenue & NOI of $3.43 million in 2023. No Development Risk.
 * Acquisition Value: 2 out of 3 car wash locations being acquired at costs
   below their replacement values.
 * Attractive Investment Metrics: Combined acquisition cost of three locations
   well under industry EBITDA multiples.
 * Large & Growing City: Oklahoma City was the 11th fastest-growing of the 50
   largest cities in the U.S. Very low unemployment.
 * Expertise: Partnered with a leading operations partner and the largest,
   fastest-growing U.S. car wash franchise, Tommy's Express.
 * Growth Potential: Rebranding to Tommy's Express Car Wash initiative aimed at
   boosting efficiency, revenue, and long-term value.
 * Aligned Interests: Yankee Capital Partners investing $1 million as L.P.,
   demonstrating aligned interests with investors, confidence and commitment.
 * Highly Beneficial Tax Strategy: Cost segregation for car washes increases
   your cash flow by accelerating depreciation deductions & defers taxes.
 * Portfolio Size Advantage: Potential to combine YCP Car Wash Portfolio LLC
   with Olympus Pines car wash portfolio to boost EBITDA multiple upon sale.


Target Performance
11.85%
Target Cash on Cash
20.1%
Target Investor IRR
2.5x
Target Equity Multiple
Offering Terms
Price Per Share$1,000
Target Raise$12,600,000
Target Close06/14/24
Funds Due06/07/24
Minimum Investment$100,000
Investment Period5-6 Years
Preferred Return10%
Distribution ScheduleQuarterly
Links
Yankee Capital Partners - Website
Yankee Capital Partners - LinkedIn
Offering Description

South Kelly Avenue
Address
111 South Kelly Avenue, Edmond, OK 73003
Asset Type
Car Wash
Land Acres
1.83
Year Built
2023

North May Avenue
Address
10720 North May Avenue Oklahoma City, OK 73120, Oklahoma City, OK 73120
Asset Type
Car Wash
Land Acres
1.5
Year Built
2021

East 15th Street
Address
3900 East 15th Street Edmond, OK 73013, Edmond, OK 73013
Asset Type
Car Wash
Land Acres
1.6
Year Built
2019

Our Team
Ravee Dave
CEO & Founder
Ravee has over 20 years of experience in the real estate sector, cultivating
expertise across diverse areas such as commercial brokerage, economic
development, debt financing, asset management, and development. Through Yankee
Capital Partners and his family office, Ravee has adeptly executed real estate
transactions ranging from $10 million to $100 million, encompassing ground-up
industrial development, hotels, value-add multifamily properties, and office
spaces. Commencing his career as a lead commercial broker in Dubai and Abu
Dhabi, Ravee played a pivotal role in brokering deals totaling over $300
million. He also initiated a lucrative workforce housing fund to provide housing
solutions for healthcare and education professionals. Upon returning to the
United States and post-graduate school, Ravee contributed significantly to a
middle-market private balance sheet lender, where he played a crucial role in
originating over $250 million in loans. Subsequently, he transitioned to
becoming an owner/operator of multifamily apartments. Since 2017, Ravee has
dedicated his efforts exclusively to managing multifamily assets at Yankee
Capital Partners. In this capacity, he spearheads implementing innovative
value-added strategies, aiming to minimize risk and maximize generational wealth
for stakeholders. Ravee holds a Bachelor's degree in Finance and
Entrepreneurship from Babson College and a Master's degree in Real Estate
Development from the University of Denver. His commitment to education and
industry advancement is evident through his role on the Board of Trustees of the
Burns Real Estate School at the University of Denver.
Wayne Grover
Director of Investor relations
With over twenty-five years of distinguished experience on Wall Street and as a
hedge fund Partner, Wayne is a seasoned professional in the financial industry.
His career includes pivotal roles as Vice President in institutional sales and
trading at Lehman Brothers and Merrill Lynch. Notably, Wayne served as a Partner
and Head of Investor Relations, Marketing, and Business Development at Downtown
Associates, a hedge fund, where he played a crucial role in raising over $600
million from institutional, family office, and accredited investors. Wayne's
entrepreneurial spirit led him to launch his own company, and he has lent his
expertise as a consultant to various projects. A founding member of the
Mid-Atlantic Hedge Fund Association, Wayne has also contributed his insights by
serving on numerous Boards. His academic background includes a bachelor’s degree
in Finance from the University of Rhode Island and an MBA in Finance from the
Kellstadt Graduate School of Business at DePaul University. Beyond the
boardroom, Wayne is a multifaceted individual. Inspired by his personal journey
and a deep sense of empathy, he founded You Are Not Alone (YANA) Gifts—a venture
dedicated to alleviating loneliness. In addition to his achievements in the
business world, Wayne's athletic prowess is evident in his background as a
Division I Scholarship Athlete and the University of Rhode Island Men’s Track
and Field Team captain. His sporting journey continues as an Ironman triathlete
and an active Mass Velocity Track Club member. Wayne’s commitment to excellence
in the financial arena and as a compassionate entrepreneur and athlete defines
him as a well-rounded professional with a passion for making a positive impact.
Timothy Caveney
Manager, Aquisitions & Dispositions
Tim Caveney is a distinguished professional in multifamily real estate
investments, currently playing a pivotal role at Yankee Capital Partners. As a
key figure in the company, Tim spearheads the acquisition and disposition of
multifamily properties, bringing an exceptional depth of expertise in
qualitative and quantitative analysis and the intricate valuation processes of
potential investments. Before his tenure at Yankee Capital Partners, Tim honed
his skills and expertise through significant positions at Freddie Mac and Arbor
Realty Trust, two renowned institutions in the real estate sector. At Freddie
Mac, he adeptly managed a substantial portfolio, overseeing more than 500
securitized multifamily loans with a cumulative value exceeding five billion
dollars. This role showcased his capability to handle large-scale portfolios and
underscored his meticulous attention to detail and strategic planning skills.
Tim's tenure at Arbor Realty Trust further solidified his reputation in the
industry. Here, he was instrumental in underwriting the origination of hundreds
of multifamily loans, accumulating to over one billion dollars. This experience
gave him a profound understanding of the complexities of loan origination, risk
assessment, and financial structuring for large-scale real estate transactions.
Throughout his career, Tim has been involved in many multifamily transactions,
each time demonstrating his unwavering commitment to rigorous due diligence,
precise analysis, accurate valuation, and the nuanced aspects of the real estate
industry. His approach is meticulous and data-driven, ensuring that every
decision is backed by solid research and a deep understanding of market
dynamics. Tim's academic background lays the foundation for his professional
achievements. He is an alumnus of Boston College, where he earned a Bachelor of
Science in Management with a major in Finance. In summary, Tim Caveney is a
seasoned professional whose experience and accomplishments in multifamily real
estate investment stand as a testament to his expertise, strategic insight, and
unwavering dedication to excellence in every facet of his work.
Rohan Joseph
Asset Manager
Rohan is a seasoned professional with over 14 years of real estate asset
management expertise, excelling as an Asset Manager at Yankee Capital Partners.
In this position, Rohan skillfully oversees property performance, spearheads
strategic business plans, and acts as a pivotal liaison with third-party
management partners, ensuring seamless operations and maximum efficiency. Before
his tenure at Yankee Capital Partners, Rohan made significant contributions as
an Asset Manager at Gardner Capital and Anterra. He managed a portfolio of over
7,000 apartments in these roles, collectively valued at over $200 million. His
experience is further highlighted by his previous positions as an Assistant Vice
President at C-III Capital Partners and an Analyst at Newport Capital Partners.
In these capacities, Rohan impressively managed assets comprising 20,000
apartments worth $2 billion and 1,500 apartments valued over $100 million,
respectively. Rohan's diverse background includes positions as an environmental
and chemical engineer with industry leaders Valero and Sage Environmental
Consulting, roles he held before pursuing advanced education. Academically,
Rohan is well-grounded with a Bachelor of Science in Chemical Engineering from
the University of Texas at Austin. He further augmented his expertise by earning
an MBA with a concentration in Real Estate and Finance from Southern Methodist
University. This robust educational background and extensive professional
experience position Rohan as a distinguished real estate asset management
leader.
INVEST


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