This entry treats large multifamily from the institutional capital-deployment seat: pension funds, insurance companies, private equity, and large operators placing significant capital into apartment acquisition, development, and value-add at institutional scale to earn returns from the rental...
Log in to followWriting this up because I was the person who thought reading the pitch deck twice counted as diligence. End of 2021 I put $50k into an LP interest in a 312 unit value-add in a Sun…
Co-invest, $400k, alongside a fund I'd been tracking for two years. Two properties, 466 units total, 1998 and 2001 vintage, one metro, closed spring 2022 at about $205k a door all…
First full program I've been responsible for placing, and the thing that worked was refusing to fund it all at the first close. Mandate was $22M into multifamily, patient money, n…
I've been trying to learn the lending side rather than the owning side, and this was my first real position. Writing down how it went while it's fresh. What it was: a participatio…