Completed
Ten35 Alexander apartments
Augusta, GA
Overview
Asset class
Private credit
Asset type
Multifamily
Strategy
Fixed income
Funds
Income Real Estate Fund
Updates
New acquisition
August 9, 2019
Adding to six other projects we acquired earlier this summer, this project is part of an 11-asset portfolio located in Georgia.
New acquisition: Apartment renovation in Augusta, GA
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Exit
September 24, 2021
The portfolio represented a significant portion of the assets in Income eREIT III. Over the term of our investment, they generated an annualized return of roughly 13.9%,¹ supporting quarterly dividends for Income eREIT III investors.
Exit update: Portfolio of 11 Georgia apartment communities pays back successfully
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Exit
September 24, 2021
We’re pleased to share that the project’s sponsor has sold the portfolio and paid back our investment in full.
Exit update: Georgia apartment community pays back successfully
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Asset type
Multifamily
Multifamily (MF) is a residential building designed to house multiple tenants. These properties can range from small to large apartment complexes with hundreds of units. With a boom in remote work and business-friendly local governments courting employers, more affordably-priced suburban apartment communities have generally experienced stable or growing demand. Multifamily’s resilient demand and scale enables us to leverage our integrated operating platform to drive long-term performance.
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.