Skyline Development: Developer of The One Bel-Air Mega Mansion Seeks New Investors Before March 18 Deadline

15 Mar 2022 , 08:45 AM

Business Wire India

Skyline Development today announced Nile Niami, the developer of The One and one of the beneficial owners of Crestlloyd LLC, in an attempt to buy back The One, is looking for new investors prior to the March 18 hearing to sell The One.

 

Niami is seeking to raise $250 million and in return will offer 50 percent of every single dollar in net profit to the investor whether it’s an event, short-term rental, etc. The specific percentage given will correlate with the amount invested.

 

Prospective investors are required to verify proof of funds and promise a minimum investment of $100,000 by 2pm on Wednesday, March 16. That same evening, Nile Niami is offering a personal walkthrough of the home at 5:55pm to all qualified investors.

 

If you are interested in investing, please contact [e-mail]. If you are a member of the press and would like to join the walkthrough on Wednesday, please contact Brooke Cockrell at [e-mail].

 

For more information visit TheOneTruthNetwork.com this evening.

 

About The One

 

The One is a 105,000 square foot mega-mansion in Bel-Air developed by Nile Niami and designed by Paul McClean.

 

506(c) Offering Legend

 

The securities are being offered and sold in reliance on the exemption from registration set forth in Section 506(c) under the Securities Act of 1933, as amended, or the “Securities Act.” In accordance therewith, you should be aware that (i) the securities may be sold only to “accredited investors,” which for natural persons are investors who meet certain minimum annual income or net worth thresholds; (ii) the securities will only be offered in reliance on an exemption from the registration requirements of the Securities Act and will not be required to comply with specific disclosure requirements that apply to registration under the Securities Act; (iii) the Securities and Exchange Commission will not pass upon the merits of or give its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials; (iv) the securities will be subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell their securities…

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220314005906/en/