Growth Fund IV

Multifamily developments with high growth potential.

Target Net IRR


Target Net Equity Multiple


Asset Type


Investment Objective


Hold Period

4+ Years

Minimum Investment


Invest for Growth, Stay for Income

Dollar Sign

Opportunistic Returns

The Fund’s strategy is to seek outsized returns by developing and holding Class A properties in high growth markets.



The Fund’s portfolio comprises 11 assets that are geographically diversified across our target markets.


Optional Hold Period

After the initial four-year development period, investors can redeem their interests or elect to remain in the Fund, which has a target post-development period return in the range of 8% to 10%.1

Investment Strategy

Demand Surge

Renters are leaving high-cost urban areas in search of warmer, low-cost, business-friendly states, a trend that has accelerated throughout the COVID-19 pandemic. Our target markets are in many of those states, where strong resident inflow is creating a surge in demand for multifamily housing and where there is inadequate supply.


Supply Gap

According to a 2022 study commissioned by the National Apartment Association and the National Multifamily Housing Council, the U.S. needs to build 4.3 million more apartments by 2035 to meet the demand for rental housing, roughly a 20% increase over the current apartment stock.

Why Development

Multifamily demand has driven up market pricing for already-built assets, resulting in lower investment returns. However, projected returns for developments are in line with historical averages.


Where We Invest

We target cities and submarkets across the southwest and southeast U.S. that we expect to experience outsized rent growth and demand.


Fund Properties

Haven at Cool Springs

Franklin, TN

Preserve at Star Ranch

Austin, TX

Haven at Apache

Tempe, AZ

Solace at the Ranch

Colorado Springs, CO

Haven at Loyd Park

Dallas, TX

277 Clifton

Atlanta, GA

Sutton Place

Jacksonville, FL

Auterra Nocatee

Jacksonville, FL

Sam Furr Road

Charlotte, NC


Las Vegas, NV

McKinney Falls

Austin, TX

Optional Hold Period

Wealth is created by investing in quality assets and holding long-term. After the initial four-year development period, investors can redeem their interests or elect to remain in the Fund and continue collecting tax-efficient distributions.


Target Net Annual Distributions2


Target Net Annual Appreciation2


Target Net Annualized Total Return2

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Fund Strategy

Fund Deals

Fund Terms