Ativore Private Equity

Real Estate USA LP

ISIN Code: KYG0684A1031

Fund’s Objective

FUNDING CLOSED

To achieve solid risk-adjusted returns in dollars, generating cash flow for investors through a U.S. based private equity real estate investment portfolio.

Initial Closing Date

Minimum investment

Holding Period

Liquidity

Target Returns (US$) 1.2

Management Fee

Performance Fee

November 2020

US$ 250,000

7 to 10 years

Fund is closed

IRR of 10% to 12% p.a. Dividends of 5% to 7% p.a.

1.5% p.a.

20% after 7% p.a. IRR

Initial Closing Date

November 2020

Minimum investment

US$ 250,000

Holding Period

7 to 10 years

Liquidity

Fund is closed

Target Returns (US$)

IRR of 10% to 12% p.a. Dividends of 5% to 7% p.a.

Management Fee

1.5% p.a.

Performance Fee

20% after 7% p.a. IRR

1 Return projections are estimated and may not materialize.
2 Expected return represents the consolidated estimated returns of all the assets acquired by the fund. 

INVESTMENT STRATEGY

1

1 Real-Estate Private Equity USA

U.S. based private equity real estate investment portfolio, generating solid risk-adjusted returns in US dollars.

2

Co-Investment

Investment with experienced local partners, specialized by region and property type.

3

Active Appreciation

A strategy based on creating value through property upgrades.

4

Secondary Market

A focus on the secondary and tertiary US markets, with strong pro-business economic and political foundations.

5

Middle Market

Acquisitions of up to $100 million.

6

Diversification

By region, type of property, risk profile and type of investment (private equity or debt).

Market Opportunity

Window of Opportunity for Acquisition until 3Q21

Asset prices have not yet adjusted to interest rates, which are currently at historically low levels.

Pent up demand for some asset classes

Repressed demand for residential properties with the pandemic having halted most construction projects.

Acquisition opportunities in stressed properties

Post COVID-19 opportunities at stressed prices from leveraged owners with limited reserves, who will have to make forced sales.

Global trend towards “flight to safety”

Widely documented global trend of investors “fleeing to safety” to the real estate sector.

TAX EFFICIENCY

US Leveraged Blocker

Tax burden of approximately 10% non-US residents

Investors

Cayman Fund

US Blocker

Real Estate Assets

FUND PORTFOLIO

Type

Region

Category

Acquisitions

Multifamily | Equity

Multifamily residential complex.

Location
Naples, FL


Acquisition
12/2020


Projected IRR1

15.1% p.a.


Average Dividends2
10.2% p.a.

Self Storage | Equity

Warehouses and self-storage

 

Location
Different regions, USA


Acquisition
12/2020


Projected IRR1

15% p.a.


Average Dividends2
7.8% p.a.

Multifamily | Debt

Multifamily residential complex.

Location
West Coast, USA


Acquisition
12/2020


Projected IRR1

11% p.a.


Average Dividends2
10% p.a.

Multifamily | Debt

Multifamily residential complex.

Location
Different regions, USA


Acquisition
12/2020


Projected IRR1

13.5% p.a.


Average Dividends2
10% p.a.

Diversified | Debt

Senior real estate loans.

 

Location
Different regions, USA


Acquisition
12/2020


Projected IRR1

11% p.a.


Average Dividends2
11% p.a.

Office | Equity

Commercial office complex.

 

Location
Philadelphia, PA


Acquisition
03/2021


Projected IRR1

13.5% p.a.


Average Dividends2
10% p.a.

Multifamily | Equity

Multifamily residential complex.

Location
Fort Worth, Dallas


Acquisition
03/2021


Projected IRR1

14.7% p.a.


Average Dividends2
10.8% p.a.

Multifamily | Equity

Multifamily residential complex.

Location
Sun Belt, USA


Acquisition
03/2021


Projected IRR1

12.3% p.a.


Average Dividends2
7.1% p.a.

Diversified | Diversified

Real-estate fund diversified between equity and debt investments.

 

Location

Sun Belt, USA


Acquisition
04/2021


Projected IRR1

13.8% p.a.


Average Dividends2
8% p.a.

Medical Office | Equity

Medical office complex.

 

Location
Princeton, NY


Acquisition
04/2021


Projected IRR1

15.7% p.a.


Average Dividends2
8.3% p.a.

Retail | Equity

Operational properties fund.

 

Location
Sun Belt, USA


Acquisition
04/2021


Projected IRR1

15.6% p.a.


Average Dividends2
12.4% p.a.

Multifamily | Equity

Multifamily residential complex.

Location
Columbus, OH


Acquisition
06/2021


Projected IRR1

15.2% p.a.


Average Dividends2
9.8% p.a.

Multifamily | Equity

Multifamily residential complex.

Location
Redlands, LA


Acquisition
06/2021


Projected IRR1

15.8% p.a.


Average Dividends2
9.3% p.a.

Self Storage | Equity

Warehouses and self-storage

 

Location
Different regions, USA


Acquisition
10/2021


Projected IRR1

13.9% p.a.


Average Dividends2
8% p.a.

Multifamily | Equity

Multifamily residential complex.

Location
Doral, FL


Acquisition
12/2021


Projected IRR1

18.4% p.a.


Average Dividends2
8.7% p.a.

Hotel | Equity

Boutique Hotel.

 

Location
Miami Beach, FL


Acquisition
02/2022


Projected IRR1

15.1% p.a.


Average Dividends2
7.7% p.a.

Office | Equity

Commercial office complex.

 

Location
Andover, MA


Acquisition
09/2022


Projected IRR1

17.5% p.a.


Average Dividends2
10.8% p.a.

Retail | Equity

Commercial properties complex.

 

Location
San Diego, CA


Acquisition
08/2022


Projected IRR1

14.7% p.a.


Average Dividends2
7.4% p.a.

Multifamily | Equity

Multifamily residential complex.

Location
Cohoes, NY


Acquisition
10/2022


Projected IRR1

14.5% p.a.


Average Dividends2
8.8% p.a.

1. Profitability forecasts are estimates and may not materialize. 2. Average dividends: dividends may vary from year to year.

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