Completed
2-Unit Luxury Condo Development
Queens, NY
Overview
Asset class
Private credit
Asset type
Build-for-rent
Strategy
Fixed income
Funds
Income Real Estate Fund
Update
Exit
June 27, 2018
This is our second successful investment in the neighborhood, earning an internal rate of return of approximately 11.3%.
Exit update: NYC luxury condos pay back successfully
View update
Asset type
Build-for-rent
Build-for-Rent (BFR) homes are newly constructed properties designed specifically for renting, typically built in communities of 50 to 200 units, and operate similar to an apartment building. As home ownership costs soar and the demand for larger living spaces increases, BFR stands out as the next major asset class in real estate as it capitalizes on the growing need for single-family rentals (SFRs). Our BFR strategy involves bulk purchasing directly from builders and managing the rental process, allowing for superior pricing and returns compared to acquiring individual, already-completed homes.
Our strategy
Fixed income
Provide real estate backed loans or similar financing
- Expected variability of return: Low
- Timing of expected return: Typically begin earning interest immediately
- Primary expected source of returns: Interest income
This section is intended to provide a general overview of the Fixed income strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.