Aurelia is an off-plan purchase in a district where supply is consented downward, not up — the case rests on four numbers, not a mood.
Fully funded to completion.
Equity and senior debt were both committed before the first sale — the build does not depend on buyer deposits.
$480M
Gross development value
Income above the district average.
Serviced, amenity-rich towers let faster and hold tenants longer — management handles the letting.
6.8%
Projected gross yield
Growth from supply, not sentiment.
The district’s consented pipeline is 42% below its ten-year average — scarcity is structural, not cyclical.
42%
Reserved to date
A held asset, not a trade.
Staged payments to 2028, then rental income from day one — the model below assumes a hold, not a flip.
2028
Completion
Independent review
“The underwriting is conservative against comparable consented towers in the district, and the supply assumptions are supported by the consenting record.”
Gartfield & Roe
Independent valuers, March 2026
The district has absorbed every new tower since 2021 while the pipeline has thinned — almost nothing Aurelia’s scale is consented for the next five years.
Run the numbers yourself.
A two-bedroom in the current release, held 5 years from completion — rental income plus appreciation, before financing.
Assumes 4.5% net yield escalating 3% yearly and 7.5% annual price growth from completion — full workings in the memo.
Pricing steps up as the building de-risks — the discount is the payment for committing early. Tranche A closed in January; C opens with the topping-out.
Tranche A
Closed
12%
below list, at launch
Units
90 — allocated
Closed
January 2026
Tranche B
Open
8%
below list, this release
Units
80 — 34 remaining
Closes
At 60% reserved
Tranche C
Opens Q1 2027
4%
below list, at topping-out
Units
44 — waitlist
Opens
Q1 2027
Six items cover the structure, returns, payments, management, costs and exit. The full memo runs sixty-four pages; start here.
01
Investment structure
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Direct freehold title to a named residence, registered on exchange. No fund, no pooled vehicle — you own the apartment, the building owns the amenity.
02
Projected returns
+
03
Payment schedule
+
04
Rental management
+
05
Fees and running costs
+
06
Exit options
+
The data room
Sixty-four pages: valuation, cost plan, cash-flow model and the full title report.
Valuation
Gartfield & Roe
Cost plan
Fixed-price, contracted
Access
On request, same day
Tranche B, while it lasts.
Reservations are taken in order of receipt — the memo and a call come first.
Investor line
+1 (206) 555 0163
Weekdays 08:00 — 18:00
Sales gallery
505 Ravenhill Street,
Green Lake District, Seattle
investors@aurelia.com
Replies same business day