Completed
Brandywine Hundred Apartments
Wilmington, DE
Overview
Asset class
Private credit
Asset type
Preferred equity
Strategy
Fixed income
Funds
Income Real Estate Fund
Updates
New acquisition
September 11, 2017
We’ve invested $4 million in the Brandywine Hundred Apartments, a stabilized 301-unit mid-rise apartment property in Wilmington, Delaware.
New acquisition: Stabilized apartments in Wilmington, DE
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Exit
May 16, 2019
This project generated an annualized return of roughly 10%, which supported dividend payments for Income eREIT investors.
Exit update: Wilmington, DE apartment investment pays back successfully
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Asset type
Preferred equity
A preferred equity investment typically gives an investor a higher claim on the property's cash flows but, in the event of a liquidation, places the investor below debt holders (like banks or other senior lenders). Preferred equity typically earns a fixed return, often in the form of regular dividends, which is paid out before any distributions to common equity investors. These returns typically are higher than what you would earn on senior debt. Preferred equity is an attractive investment option when looking for predictable income with compelling rates.
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.