We will be targeting multifamily assets in the Southeast and Sun Belt. We prefer assets with some sort of value-add component which means that we will likely be buying B-class assets in good neighborhoods. The size of these deals can be anywhere from $5M-$30M in total deal size.

While it is possible that we do not liquidate the entire portfolio until year 7, we underwrite our deals to a 3-5 year hold and we will be giving out distributions as we have dispositions.

We pay our distributions quarterly. For many projects, it is possible that distributions do not get paid out until after the stabilization of the asset. We believe in radical transparency, and we will be in touch with all of our investors on when an asset will be closing and when stabilization will occur.

We underwrite for a 3-5 year hold as a standard, but there are many factors that could change how long we decide to hold onto an asset. If we are offered a fantastic price just 2 years into the hold, we will take it. If the product is still producing exceptional cash flows at year 4, we may decide to hold onto that asset for a while longer. Another factor in this decision is the debt. Many debt structures have an interest-only period before the debt payments become much more expensive. We will be taking all of these factors into consideration when making disposition decisions. Again, we believe in radical transparency and will be in touch with investors every step of the way.

Good question! Up until a 6% IRR, all money will go back to the investors; this is what it means to pay a preferred return. Between 6-14% IRR, there will be an 80/20 split between our investors and the fund manager, and then after 14% IRR, the split changes to a 60/40. This fund is structured as favorably as possible to the investors in the fund. Not only that, but we will also be invested into the fund just like our investors. We put our money where our mouth is.

We will be raising for the next 10-12 months but we could have separate closings along the way to be able to start deploying capital into deals without waiting until we finish the raise.

We expect several capital calls along the way if you partially fund your investment. Unless you choose to fund your entire investment upon subscribing, which a lot of our investors have chosen to do.

We would be more than happy to share sample deals and materials on our selected partners. Feel free to reach out to anyone on our team via email and we will connect with you.

Diversification of investment - which in turns creates better safety and reduction of Beta (measure of risk)
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Economic returns of a General Partner / Principal while investing as a Limited Partner
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Tax efficiency - you will receive the same tax advantages as you would when you invest in a single asset syndication