What is the strategy of the IncomePlus Fund?
The IncomePlus Fund utilizes a multistrategy approach. The Fund’s strategy is to build, buy and finance multifamily properties in our target markets. This approach enables the Fund to perform in all market cycles by strategically managing the portfolio allocation to seek the best risk-adjusted returns in a given environment. The Fund has three sleeves: debt investments, core-plus multifamily and built-to-core multifamily. Tactical allocation of these sleeves depends upon external factors such as interest rates. For example, in a high-interest-rate environment, we will overweight the portfolio to preferred equity, which will provide stable cash flow for investors while we wait for development costs to decline.