Invest In the CRE Growth Fund I LP
The CRE Growth Fund I LP is Available to qualified Investors only!
Targeted Investor IRR
Targeted Equity Multiple
Targeted Stabilized Cash Yield
Targeted Investment Period
The fund Identifies niche real estate markets, ventures and strategies that provide value add opportunity to create above average returns with limited downside risk.
We are presently raising this fund for opportunities post Covid-19 to acquire or provide investment support with existing property owners to do Tenant condo conversions in NYC and other strategy supporting cities in the Country. We are also considering the acquisition and repurposing of well positioned Office and Hotel properties to much needed active adult living residential.
Example of a Tenant condo conversion opportunity presently on market:
Purchase for $20mill, a 7 cap or $290k a door. Property includes 66 residential units, 77% are rent stabilized (because of recent changes to the real estate laws in NY this is where the opportunity lies) with many completed improvements. With a few additional improvements along with the added 3 commercial units included with the sale, this property is poised for a substantial ROI.
Pre Covid-19 market condo sales for similar sqft, units are $600k - $900k. Because of the process and legal considerations in play in NY this strategy would likely require a minimum 5 year commitment but would generate cash flow during the holding period in the form of interest on loans financed to tenants and then a share of the equity appreciation derived from market sales.
Investors are expected to realize estimated cash out of $35mill a 75% ROI.
This strategy presents the best option for max ROI with limited downside and a great opportunity to find discounted property because of the increased barrier to entry due to strategic difficulty.