Completed
Aventine at Oakhurst North
Aurora, IL
Overview
Asset class
Private credit
Asset type
Preferred equity
Strategy
Fixed income
Funds
Income Real Estate Fund
Updates
New acquisition
October 30, 2017
This project is a great example of investing in older apartments at an attractive price, and performing renovations to increase value.
New acquisition: 464-unit apartment renovation in Chicago suburbs
View update
Exit
June 29, 2020
The project generated an annualized return of roughly 9%, supporting consistent dividends for Income eREIT investors.
Exit update: Suburban Chicago apartment investment pays back successfully
View update
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.
