Privately held New York based Real Estate Investment Company founded in 2012
In order to uncover the best location-specific opportunities, Fund II will leverage existing relationships with Sponsors, Originators of Multifamily financing and Intermediaries to gain access to distressed opportunities during a period of limited competition from traditional equity sources. Fund II will invest not only in value-add opportunities, but also in ground-up development opportunities to take advantage of higher returns.
Investment Highlights:
- Similar to Fund I, Fund II will invest via a soft preferred Equity structure alongside Sponsors of Multifamily transactions
- Fund II will build upon the success of Fund I; Fund I has made 12 Multifamily Investments targeting Investor IRR 12% – 16%
- This vehicle invests in Multifamily opportunities in the US via a ‘Gap Equity’ structure
- Fund II held its first Closing in 2021 and has since made its first four Investments
- 10 Realizations have resulted to date in a 17%+ net Investor IRR
- Investors earn preferred Equity Returns targeting a conservative 12% – 15% IRR (historically this structure has generated a 20%+ IRR)
Company Highlights:
- Sponsors subordinate their Equity to the Fund, reducing the Fund’s exposure in the capital stack and cushioning its downsid
- Invest with experienced local and regionally focused, targeting regions with strong and diverse job markets and favorable demographic trends
- Sponsors have established Track Records and extensive local Networks
- Invest with experienced local and regionally focused Sponsors
