How Did This $225M Value-Add Fund Perform 5 Years Later?

20/20 hind sight?
How do you think this fund has performed 5 years after its launch:

a) Greater than 10% IRR
b) 5-10% IRR
c) Less than 5% IRR

---- Overview ----

1. Size:
-- $225M closed
-- Targeting $500M in total

2. Strategic focus:
-- Value-add industrial, multifamily, office, and retail
-- Portfolio-level return target of 12–15% gross IRR
-- 50% repositioning
-- 25% light renovations
-- 25% deep value-add
-- Strong Sunbelt focus
-- Max leverage: 65% LTV

3. Track record:
-- 30 realizations, 20.4% gross IRR, 1.8x equity multiple
-- Track record of NOI growth (+60%) and occupancy gains (+16%)

4. Platform:
-- In-house asset management; no third-party operators
-- Led by senior team with 15+ years average tenure
-- No senior team turnover since inception
-- $8.7B AUM platform with deep ind/mf experience
-- Offices in SF, Atlanta, and Chicago
-- Dedicated regional sourcing and execution teams

Read the full fund report here!