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Multifamily Fund I

Investment Strategy

Sale of a multifamily property in Arvada, Colorado, which generated an annualized Internal Rate of Return (IRR), of 47% and an Equity Multiple of 3.0x.

The fund acquired the 71-unit multifamily complex for US$ 18.7 million in December 2019, under extremely favorable financing conditions. Since then, the property, which had been built just five years earlier, underwent a series of improvements, with a more efficient operational management and spending control being implemented, meaning the rents were raised and the property value appreciated.

The result was a sale involving appreciation of 46% in just three years, despite the challenging scenario presented by the market at the time.

Market Risk Rating

*Less sensitivity to economic cycles accepting lower profitability.

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