On Wednesday, March 18, 2020, LPPUSA, in partnership with Camino Verde Group, raised $740k in equity and closed on a 28-unit workforce housing property in Las Vegas, NV. This investment is projected to yield a 7% preferred Cash on Cash return that will be paid to investors monthly, and a 17.5% average annual return over the coarse of the 4 year hold period with equity at the back end. Las Vegas is experiencing tremendous job growth. Prior to the Covid-19 breakout, 35,000 jobs were expected through the end of 2020. Despite the current effects of Covid-19, there is a large demand for workforce housing in Las Vegas. It is a very essential need. People at the lower end of the earnings curve need an affordable place to live. According to the 2017 State of the Nation’s housing study by Harvard Research, while construction of high-end class A properties has increased in recent years, it has fallen for class B and C properties. Consequently, workforce housing is facing a shortfall of units. The study found that in the decade between 2005-2015, the supply of rental housing units increased by nearly 100% for high-end units while the stock of affordable units fell by 2%. That trend has not changed in recent years.