Completed
Volaris Starkey Ranch Apartments
Odessa, FL
Overview
Asset class
Real estate
Asset type
Multifamily
Strategy
Fixed income
Funds
East Coast eREIT
Updates
New acquisition
October 30, 2017
This is our fourth investment to date with Waypoint Residential, a major national developer with over $2 billion of experience.
New acquisition: Luxury apartment development near Tampa, FL
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Progress update
March 7, 2019
The successful completion of each construction milestone reduces overall risk, while we continue to earn an annualized return of roughly 10%.
Photos: Major progress on 384 new apartments near Tampa
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Exit
September 30, 2020
Our investment generated an annualized return of roughly 10%, supporting quarterly dividends for East Coast eREIT investors.
Exit update: Tampa-area apartment investment 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.