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Completed

Huron River Apartments

Ann Arbor, MI

Overview

Asset class

Private credit

Asset type

Real estate debt

Strategy

Fixed income

Funds

Updates

New acquisition

March 30, 2018

This is our second investment with Wickfield Properties, a real estate owner-operator focused on the refinance, development, and operation of multifamily properties in Michigan.

New acquisition: Apartment renovation in Ann Arbor, MI

Exit

October 7, 2020

The project generated an annualized return of roughly 7.6%¹, supporting consistent dividends for Income eREIT investors.

Exit update: Ann Arbor, MI apartment investment pays back successfully

Location

Ann Arbor, MI

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Asset type

Real estate debt

Real estate debt involves financing a stage (land development, construction, etc) of the builders’ development in return for interest payments over a set duration of time.

Real estate debt

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

More about our strategies

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.

Associated fund

Income Real Estate Fund

Open Private credit

Our Income Real Estate Fund is designed to deliver high current yields from a diversified portfolio of our most favored real estate backed fixed income strategies, which is primarily gap financing to stabilized and ground-up multifamily and to the acquisition and development of housing in the Sunbelt. The Income Real Estate Fund is also heavily focused on capitalizing on the current dislocation in real estate credit markets, as described in depth by our Great Deleveraging thesis.

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