What is the Fund’s target portfolio composition?
The Fund’s investment strategy and open-end structure allow flexibility across several product types. The Fund is designed to deliver risk-adjusted returns and income in any market environment by tactically moving to where the market provides mispriced buying and selling opportunities. The Fund generally targets the following portfolio composition ranges:
| Portfolio Component | Target Range | Minimum Target |
|---|---|---|
| Multifamily debt securitizations | 20% – 75% | No less than 20% |
| Direct financing | 30% – 75% | No less than 30% |