Completed
Multifamily
Grand Prairie, TX
Overview
Asset class
Real estate
Asset type
Multifamily
Strategy
Fixed income
Funds
Growth eREIT
Updates
New acquisition
December 15, 2020
This innovative new asset class is intended to offer the convenience of apartment living with the privacy of a single-family home — a value proposition which we believe will prove increasingly attractive in the coming years.
New acquisition: Horizontal multifamily development near Dallas, TX
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Progress update
September 8, 2021
Our loan has increased to roughly $13.2 million, while continuing to earn a fixed rate of 11.5% annually.
Progress update: Additional investment into horizontal multifamily development near Dallas, TX
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Exit
July 24, 2023
Our roughly $13.1 million mezzanine loan yielded an annualized rate of return of approximately 11.5%.
Investment in horizontal multifamily development near Dallas 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.
