Portfolio

We pass on most deals and co-invest in every one we don't.

Recent exits: the Cleveland Fund returned 2.3x to investors, years ahead of schedule. Clarksville MHP is up and distributing ahead of plan.

Track Record

Exited and current deals.

Open opportunities sit at the top. Targets shown are underwriting targets, not guarantees.

Performing
Real Estate Equity · Mobile Home Parks · Lexington / Frankfort, KY

Lexington-Frankfort, KY MHP Portfolio

Mobile home parks between Lexington and Frankfort, Kentucky. Conservative debt, an established operator, and a supply-constrained market.

2.9x
Equity Multiple (Target)
18.7%
Annualized Return (Target)
80–100%
Taxable Benefit, Yr 1
Exited
Real Estate Equity · Small Multifamily · Cleveland, OH

Cleveland Perpetual Income Fund

20 small multifamily properties. Affordable housing and Section 8 focus. Returned 2.3x to investors, four years ahead of schedule.

2.32x
Return
22%
IRR to Investors
4 Yrs
Exited Early
Performing
Real Estate Equity · Mobile Home Parks · Clarksville / Guthrie

Clarksville-Guthrie MHP Portfolio

Mobile home parks across Clarksville and Guthrie. Distributions ahead of schedule and tracking above underwriting.

2.67x
Equity Multiple (Target)
16.7%
Annualized Return (Target)
118%
Refi Return of Capital (Target)
Performing
Real Estate Equity · Student-Adjacent Multifamily · Lubbock, TX

The Jackson, Lubbock

Transformed a distressed college-town asset, renovating the majority of the property and reaching 90%+ occupancy in under one year.

2.3x
Equity Multiple (Target)
70%+
Discount to Replacement
½ mi
to 40,000+ Student Univ.
Performing
Real Estate Equity · Single-Family Portfolio · NC / TN / TX

Creatively Financed Single-Family Portfolio

A tax-efficient strategy used to acquire desirable homes in growing parts of North Carolina, Tennessee, and Texas, with below-market debt terms of 2.75 to 5%.

2.75–5%
Locked Debt Terms
3
Growth-Market States
Tax-Eff.
Acquisition Strategy
By the Numbers

The record behind the work.

22%
IRR to Investors · Across Twenty Multifamily Exits
2.3x
Average Return on Realized Capital
26
Properties · Invested Since 2020

2.3x — Cleveland Fund Return (Realized) | 22% — Cleveland Fund IRR (Realized) | 26 Properties and Growing

Past performance is not indicative of future results. All investments involve risk including potential loss of principal.

Want first look at the next one?

Pitch deck, scorecard, webinar recording. We send the package to everyone on the investor list before a deal opens.