Fund management means operating a pooled real estate investment fund that deploys capital across multiple deals rather than a single property, raising committed capital from investors and investing it according to a defined strategy (value-add multifamily, opportunistic development, debt, or a...
Log in to followA sponsor I'd been following for two years opened a $30M value-add fund and had about $8M soft circled for the first close. I asked for the limited partnership agreement and the s…
I've been researching instead of buying for a while and I decided the one thing I could do without capital was ask hard questions. So I wrote a one page request and sent it to fiv…
The redemption notice came back with a line saying quarterly repurchases are limited to 5 percent of NAV and this quarter's requests exceeded that, pro rated. So I got about $2,40…
I've done passive deals one property at a time for a while and this was my first pooled fund, so I wrote down what I was going to check before I let myself get excited. $75k into…
Trades background, so the only diligence I'm actually good at is looking at buildings. A manager raising a second fund of about $25M had 11 assets in the first fund and I asked fo…
2019 vintage, $60M value-add fund, 11 deals, $150k commitment from me. Final distribution landed in the spring and the fund is done at 6.5 years. Realized deal level gross multipl…