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.
*Less sensitivity to economic cycles accepting lower profitability.
A multifamily residential complex located in Haverhill, MA.
Acquisition (2020)
USD 29MM
Sale (2022)
USD 40MM
% of Appreciation
37.9%
Internal Rate of Return (IRR)
34.4% p.a.
Annual Average Dividends
6.2% p.a.
A Class A operational office complex in San Francisco, CA.
Acquisition (2020)
USD 134MM
Sale (2022)
USD 182MM
% of Appreciation
35.9%
Internal Rate of Return (IRR)
25.9% p.a.
Annual Average Dividends
7.2% p.a.
Self-storage units located in the Southeast of the US.
Acquisition (2017)
USD 23MM
Sale (2022)
USD 40MM
% of Appreciation
73.6%
Internal Rate of Return (IRR)
24.3% p.a.
Annual Average Dividends
7.9% p.a.
