Completed
Build-for-rent
Daly City, CA
Overview
Asset class
Real estate
Asset type
Build-for-rent
Strategy
Fixed income
Funds
West Coast eREIT
Updates
New acquisition
May 30, 2018
Located on the southern border of San Francisco in Daly City, this project is our first in the Bay Area.
New acquisition: 133 unit home development near San Francisco
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Progress update
September 23, 2019
We invested an additional $6 million in this project, which is expected to provide the necessary capital to bring the now-entitled property to the market.
Progress update: Additional investment into housing development near San Francisco
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Exit
June 14, 2021
The project generated an annualized return of roughly 10%, supporting quarterly dividends for West Coast eREIT investors.
Bay Area pre-development investment pays back successfully
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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.