Freedom Venture

Mid Size Apartment Fund

Investment Objective

Freedom Venture Mid Size Apartment Fund was formed for the purpose of acquiring and managing a diversified multi-family portfolio comprised of lower and mid size apartment deals. Billions of institutional dollars are chasing 150 unit+ properties, settling for compressed cap rates, and overlooking lower and mid size apartment deals. This void in the market place presents an opportunity to acquire these smaller apartments at attractive acquisition rates and aggregate them into a portfolio of high-performing assets. Freedom Venture has the relationships needed to target lower and mid size apartment deals, predominantly run by "mom and pop" operators, often operating on higher expense ratios and thinner margins. The Fund’s investment objective is to create and maintain investor wealth by generating above-market risk-adjusted returns. This portfolio will seek to provide a consistent stream of income, equity appreciation, and passthrough tax advantages.

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Acquisition Criteria

  • Class B or better
  • 1990's vintage or newer
  • Lower-middle market communities (20 - 150 Units) in infill locations, which tend to have above market occupancy rates. Larger projects meeting all other guidelines will also be considered on a case-by-case basis.
  • Under-performing or mis-managed with highly attractive acquisition capitalization rates
  • 90% Occupancy
  • Rents 10% or more below market rent
  • Light Value-Add Opportunity (Core Plus):
    Onsite Office Upgrades I Signage I Amenities I Flooring I Cabinets, Countertops, Backsplashes | Paint I Lights and Plumbing Fixture

The Fund will reserve the right to incorporate the use of third-party debt as part of the acquisition to improve total return under the follow conditions:

  • Maximum loan-to-value not to exceed sixty-five percent (65%)
  • Minimum debt coverage ratio of 1.25 or better

Investment Highlights

Cost Segregation

Cost Segregation

Income Beyond The Walls

Income Beyond The Walls