Performance that
speaks for itself

Top Decile Fund Manager

According to

$1.8B

Assets under management

22.65%

Average Gross IRR

2.02x

Average Net Equity Multiple

Closed Funds

Fund IRR Net Multiple Capital Returned
to Date
Time Period
Growth Fund I27.7%2.25x225%Feb 2011 – Jul 2017

Growth Fund II*

19.7%2.13x206%Jun 2013 – Dec 2022

Growth Fund III*

12.9%1.58x119.8%Mar 2016 – Dec 2022
QOZ Fund I10–12%**2.25–2.50x**0%Jan 2019 – Dec 2022

*Assumes a sale of the Fund’s remaining assets as of December 2022.
**Target returns on 10-year hold.

Realized Deals

Pref Equity

Maple Street Lofts

Fund

IncomePlus Fund

IRR

23%

Multiple

1.30x

Pref Equity

Star Metals

Fund

IncomePlus Fund

IRR

12%

Multiple

1.37x

Pref Equity

Aspire

Fund

IncomePlus Fund

IRR

19%

Multiple

1.47x

Equity

Cherry Creek Plaza

Fund

Fund III

IRR

14%

Multiple

1.62x

Equity

Rosehill Preserve

Fund

Fund III

IRR

35%

Multiple

1.88x

Equity

The Fletcher Southlands

Fund

Fund III

IRR

30%

Multiple

2.25x

Equity

Connect at First Creek

Fund

Fund III

IRR

42%

Multiple

3.90x

Equity

Haven Bellaire

Fund

Fund III

IRR

42%

Net Multiple

2.26x

Equity

Stella at the Medical Center

Fund

Fund III

IRR

12%

Multiple

1.84x

Equity

Puritan Mill

Fund

Fund III

IRR

22%

Multiple

2.38x

Equity

Trinity Place

Fund

Fund III

IRR

12%

Multiple

1.57x

Equity

511 Meeting

Fund

Fund III

IRR

14.38%

Multiple

1.85x

Equity

Keystone 100

Fund

Fund III

IRR

11.9%

Multiple

1.72x

Equity

Ellsworth Lofts

Fund

Fund III

IRR

15%

Multiple

1.67x

Equity

One and Two Oak Lawn

Fund

Fund III

IRR

1%

Multiple

1.05x

Equity

The Clayson

Fund

Fund III

IRR

19%

Multiple

2.05x

Equity

675 North Highland

Fund

Fund III

IRR

15%

Multiple

1.96x

Equity

Cambridge Corporate Center

Fund

Fund II

IRR

19%

Multiple

2.04x

Equity

Lux 24

Fund

Fund II

IRR

58%

Multiple

3.07x

Equity

Austin Air Cargo

Fund

Fund II

IRR

37%

Multiple

2.83x

Equity

Ellie Apartments

Fund

Fund II

IRR

14%

Multiple

1.90x

Equity

The Olmsted

Fund

Fund II

IRR

28%

Multiple

2.47x

Equity

Iroquois Club

Fund

Fund II

IRR

21%

Multiple

2.76x

Equity

Centrum at Glenridge

Fund

Fund II

IRR

25%

Multiple

2.80x

Equity

One Nineteen on Main

Fund

Fund II

IRR

25%

Multiple

5.50x

Equity

Orlando Industrial

Fund

Fund II

IRR

37%

Multiple

1.93x

Equity

Office at DTC

Fund

Fund II

IRR

2%

Multiple

1.12x

Equity

2605 Meridian Pkwy

Fund

Fund II

IRR

16%

Multiple

1.65x

Equity

One University Place

Fund

Fund II

IRR

12%

Multiple

1.89x

Equity

Three South Executive Park

Fund

Fund II

IRR

29%

Multiple

2.04x

Equity

Woodlands Business Park

Fund

Fund II

IRR

15%

Multiple

1.48x

Equity

Food 4 Less Center

Fund

Fund I

IRR

33%

Multiple

2.45x

Equity

Giordano's Portfolio

Fund

Fund I

IRR

56%

Multiple

4.60x

Equity

Arbor on Richmond

Fund

Fund I

IRR

28%

Multiple

2.35x

Equity

Bay Club

Fund

Fund I

IRR

30%

Multiple

3.04x

Equity

Marquis Trace Apartments

Fund

Fund I

IRR

57%

Multiple

4.40x

Equity

Arium Northpoint

Fund

Fund I

IRR

43%

Multiple

2.61x

Equity

Kingwood Medical Center

Fund

Fund I

IRR

27%

Multiple

2.51x

Equity

Arium Edgewater

Fund

Fund I

IRR

26%

Multiple

1.66x

Equity

Marquis Crest

Fund

Fund I

IRR

27%

Multiple

2.28x

Equity

Legacy Suites

Fund

Fund I

IRR

8%

Multiple

1.14x

Equity

Residences at 3295

Fund

Fund I

IRR

26%

Multiple

1.66x

Explore our open private real estate investments.