
Confidential
Private Placement
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Common Stock Offering
Sales Commission:
10% See Disclosure Documents for projected income and all associated risks. The Western North Carolina Real Estate Fund (hereinafter referred to as The Fund) is to acquire a specific property in Buncombe County, North Carolina, on picturesque Town Mountain to house Oasis Mountain Wellness Center (hereinafter referred to as OM). The property is a 5 minute ride from downtown Asheville, NC, known as one of the country's leading centers for alternative healing therapies. The Fund is to be underwritten by Three Arrows Capital, Investment Banking Firm, Member NASD/SIPC. The property includes 2.71 +/- acres of land with a 7-bedroom suite former Bed & Breakfast lodge, plus a detached structure to be used for office and meeting space. The property is to be leased to OM for approximately $1.20 per share on an annual basis. This landlord-tenant relationship will preserve investor equity in the real estate from any liability associated with OM, a holistic wellness program also offering substance abuse treatment. |
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| OM intends to
offer a holistic substance abuse treatment program with a focus on
meditation, exercise, nutrition and alternative therapies. A similar
28-day program offered by an organization in Sedona, Arizona, costs
$18,000, and clients can receive reimbursement from health insurance
policies. OM plans to charge $3,950 to $4,500 per client,
per week, all-inclusive, partially billable to health insurance,
and to accommodate up to 14 clients per session. The program is to be
licensed with the North Carolina Department of Mental Health as an
intensive outpatient program with on-site supervised living
accommodations, and will initially focus on a niche target market of
repeat DUI (Drinking Under the Influence) offenders. Under current NC law,
a second time offender may receive day for day credit for inpatient
treatment against the required 7-day minimum incarceration. The 3 state
run facilities only offer 12-step, traditional 28-day programs. Marketing for the OM will commence with direct mail to DUI offenders generated from an Internet-based court record search engine. Names and addresses can be provided within 24 hours of the DUI charges. The program will be implemented by a highly qualified staff of experts in the field. The Fund, as the new property owner, will exist as a conduit for the rental income to the investors. The CEO and CFO for The Fund will be responsible for the collection of rents through a property management agreement with The Real Estate Group of Asheville, where they are both licensed NC Real Estate Brokers. The Fund is a development stage company and has never conducted operations. |