Invest for Growth, Stay for Income
Opportunistic Returns
The Fund’s strategy is to seek outsized returns by developing and holding Class A properties in high growth markets.
Diversification
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
Marlowe
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.
5%–6%
Target Net Annual Distributions2
3%–4%
Target Net Annual Appreciation2
8%–10%
Target Net Annualized Total Return2
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