You spent your career on call. Your capital doesn't have to be.
Thursday, August 13, 2026 · 6:30 PM ET
Hosted by Dr. Kyle Stephenson · Live on Zoom · Invitation only
The Republic · De-risked development
21–23%
Target LP IRR
Preferred return
7%
Accruing
Equity multiple
2.2–2.4x
Target
Minimum
$100K
Per investor
Target hold
36 mo
To exit
On August 13, we're opening one of our own deals to a small group of investors, on a private webinar before it goes any wider.
The Republic is a 153-unit Class A apartment community in one of Indiana's fastest-growing markets, de-risked by $9.3 million in approved public funding. We walk you through the numbers, then take your questions live.
A closer look
Targets and projections from the offering memorandum, not guarantees. The private webinar is Thursday, August 13 at 6:30 PM ET. The Republic is offered to verified accredited investors under Rule 506(c).
Why we're opening this
Your income is high. Your time is finite.
We have spent years helping physicians turn earned income into ownership that pays them back. The paths that built physician wealth for generations have narrowed. Real, cash-flowing ownership is one of the few that hasn't, and it is the one that keeps paying when you are not in the building.
Ownership without a second job
As a limited partner you hold equity in a professionally built and managed community. No tenants, no contractors, no leasing. You invest once, and a vertically integrated team operates on your behalf.
Depreciation that shelters income
A ground-up development runs a cost segregation study for accelerated depreciation, passed to investors pro-rata on a K-1. It can shelter a meaningful share of passive income. Confirm the specifics with your CPA.
Uncoupled from market anxiety
Multifamily housing is anchored by the one thing that does not go away: the need for a place to live. Here it is further de-risked by $9.3M in approved public money that lowers the cost basis.
Wealth that outlives the career
Real assets compound quietly and pass on cleanly. This is the kind of position that gives your family options that a paycheck, however large, cannot.
Why this deal
Five reasons The Republic stands apart.
Most development deals ask you to take on construction risk for the extra return. The Republic lowers that risk before a shovel is in the ground, then keeps the development upside.
Public money de-risks it
A record $9.3M in approved public proceeds: a $4.4M City of Evansville TIF bond and a $4.9M State of Indiana grant. It lowers the cost basis, lifts returns, and signals that the city and state are behind the project.
A developer with zero investor losses
Hudson Investing (Indianapolis, founded 2019) has 1,645 units under management, a 23.9% average realized net LP return, and zero losses or capital calls. Its partner, Bowen Capital, has delivered 17 public-private developments across Indiana.
Indiana's top-performing region
The Evansville MSA leads Indiana in worker productivity and GDP growth. Toyota is adding a $1.4B EV plant expansion nearby, and healthcare employment runs 110% above the national concentration.
Strong, resilient demand
Unemployment inside three miles is 2.5% against a 4.2% national average, in a tri-state hub of Indiana, Kentucky, and Illinois. Evansville is ranked the #4 lowest cost of living in America and #3 for adding high-income households.
A proven, walkable location
The Republic sits in the Promenade district, steps from Costco, Fresh Thyme, and Drake's. The 220-unit Class A community next door (Promenade Flats) leased up fully, proving the market for this product.
The asset
153 Class A homes, built to last.
A new four-story community of studios, one- and two-bedroom apartments with ground-floor retail, delivering in 2028. Brick and cast stone, a resort-style pool, a rooftop patio, a fitness and wellness center, and a café-and-workspace lounge.
The numbers
Best-in-class, risk-adjusted returns.
Because the public incentives lower the basis, The Republic targets development-level returns from a de-risked position. A hypothetical $100,000 invested is modeled to return about $215,895 over roughly three years: the 7% preferred return, your capital back, and a share of the sale.
7% preferred return, then a 70/30 split of the profits in your favor. $100,000 minimum, 36-month target hold, distributions expected to begin Q2 2029. Figures are targets from the offering memorandum and are not guaranteed; every investment can lose value.
The sponsor
We don't bring you a deal we wouldn't fund ourselves.
The Republic is sponsored by Hudson Investing, an Indianapolis firm with 1,645 units under management, zero investor losses or capital calls, and a 23.9% average realized net LP return. We have watched them operate up close, and on August 13 we're opening this one to you.
The builder
Bowen Capital has built this before.
The Republic is developed by Bowen Capital, led by founder Shelby Bowen. Across more than 20 years he has delivered 17 mixed-use communities throughout Indiana, every one a public-private partnership, with every public commitment met. This is Hudson's fourth project alongside Bowen, and a developer who has navigated public financing this many times is the other half of what de-risks The Republic.
Why Evansville
A city the numbers keep rewarding.
Evansville anchors a tri-state metro of Indiana, Kentucky, and Illinois, and leads Indiana in worker productivity and GDP growth. Toyota is adding a $1.4B EV expansion nearby and healthcare employment runs well above the national norm.
The timeline
From the webinar to exit.
Private webinar · August 13, 2026
We open The Republic to a small group, walk the numbers, and answer your questions live at 6:30 PM ET.
Equity raise closes · September 15, 2026
The allocation is limited and fills on a first-come basis after the webinar.
Construction begins · October 2026
Site work and vertical construction get underway on the funded project.
Delivery & lease-up · 2028
The community completes and leases into a proven, undersupplied Class A submarket.
Distributions & exit · 2029
Cash distributions are expected to begin Q2 2029, with the targeted sale and return of capital that year.
The private webinar
Save your seat for August 13.
We're walking a small group of investors through The Republic before anyone else sees it. Register on Zoom and you will get the link, a calendar hold, and the offering materials.
No obligation · Accredited investors · Seats are limited
Before you register
The honest answers.
The questions physicians ask us first, answered plainly. The rest we cover live on the webinar, and the offering memorandum goes deeper still.
What happens on the webinar?
We walk through The Republic end to end: the market, the developer, the numbers, and how the public funding de-risks it, then take your questions live. It runs about an hour, Thursday August 13 at 6:30 PM ET on Zoom.
Who can invest?
Verified accredited investors only. The Republic is offered under Rule 506(c) of Regulation D, which requires that accredited status be verified. We walk you through it.
What is the minimum, and how do returns work?
The minimum is $100,000. Investors receive a 7% preferred return that accrues, then a 70/30 split of the profits in your favor, targeting a 21 to 23 percent IRR and a 2.2 to 2.4x equity multiple over a roughly 36-month hold. These are targets, not guarantees.
What are the tax benefits?
The project runs a cost segregation study for accelerated depreciation, passed to investors pro-rata and reported on a K-1. It can shelter a meaningful portion of passive income. Please confirm your specific situation with your CPA.
What are the risks?
This is a private, illiquid, speculative real estate investment and you could lose some or all of your capital. Projections may not be achieved. Read the offering memorandum and its risk factors in full before investing.
What if I can't make it live?
Register anyway. We send the recording and the materials to everyone on the list. The live Q&A is the part worth showing up for, so come if you can.
Thursday, August 13 · 6:30 PM ET
Own the building that pays you while you sleep.
This is a private launch, and the room is small on purpose. Save your seat and we'll walk you through everything.
153 Units · Evansville, IN · Accredited Investors Only
Important disclosures. This webpage and the webinar are for informational purposes only and do not constitute an offer to sell, or a solicitation of an offer to buy, any security. Any offering is made solely to verified accredited investors (as defined under Rule 501(a) of Regulation D) pursuant to a formal offering memorandum, private placement memorandum, and subscription agreement, which contain important information including material risk factors, fees, and conflicts of interest, and which govern in all respects. Investments in private real estate are illiquid, speculative, involve a high degree of risk, and may result in the partial or total loss of invested capital. All figures, projections, targets, and forward-looking statements are based on assumptions subject to significant uncertainty and may vary materially; no return is guaranteed and past performance does not indicate future results. Building images are artist renderings of the planned project and are subject to change. Deal figures are drawn from the sponsor's offering memorandum (Hudson Investing). LegacyRx is a marketing partner and is not the issuer, sponsor, broker-dealer, or investment adviser for this offering. Consult your own legal, tax, and financial advisors before investing.