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Economic recession
Affordable housing shortage
Inflation
New Construction timelines
Construction materials supply chain
Highlights
| Average IRR Returns | 24% |
| Location | Toronto, ON, Canada |
| Total AUM | $1,253,500,000 |
| Year Established | November 7, 2018 |
| First Time Fund | Yes |
| Avg. GP Contribution | 4% |
General
Make-up of Assets
| Real Estate | 2% |
| Private Equity | 10% |
| Venture Capital | 2% |
| Infrastructure | 4% |
| Energy | 2% |
| Natural Resources | 7% |
| Other | 8% |
Investment Practices
| Average Deal Size | $94,000,000 |
| Deals Reviewed per Month | 20 |
| Indirect Investment Opportunities | 10% |
| Direct Investment Opportunities | 90% |
| Fundamental Risks to Investors |
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| Major Acquisition Criteria |
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| Notable Recent Investments |
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Historical Performance
| Investor Retention Rate | 100% |
| New Investors in the Last 12 Months | 15 |
| Average Equity Multiple | 6.70 |
| Average IRR Returns | 24% |
| Largest Investment Received | $15,000,000 |
| Greatest Gain in a single investment |
We developed an affordable housing community in 2020 that yielded a 25% IRR and a 2.1x equity return. |
| Greatest Loss in a Single Investment |
We have never lost money on any single asset |
Miscellaneous
What would you sacrifice first, performance or principles?
Investment performance. We are extremely disciplined investors, which we believe will lead to consistent returns even at the expense of immediate returns.
Key Economic Drivers for the Next 12 Months
High inflation rates, soon to be reduced, will shirt the way homebuyers and home renters behave.
Structural Inefficiencies the Firm Addresses in the Market
Affordable housing supply in our target cities. COVID and the recession has drastically increased the cost of living while the income levels have stayed the same or come down.
There is now a drastic need for affordable housing, which has not been met.
When Would the Firm Perform Poorly?
In a climate of economic boom and a condition where there are more buyers than renters, we would struggle to find tenants. However, this scenario is almost impossible and certainly not sustainable.
Description
100 Million Fund focussed on developing affordable housing units in emerging markets across the US.
General
| Target Raise | $29,600,000 |
| Fund/Managed | Direct |
| Project Stage | Development |
| Term/Lockup | 67 Months / 5.58 Years |
| Investor Position | Limited Partner, Syndication |
| Projected IRR | 25.00% |
| Projected Equity Multiple | 1.90% |
| Strategy | Opportunistic |
Qualification
| Impact Investment? | Community Development, Minority Owned, Social Impact |
| Geographic Focus | Asia-Pacific, Canada, Saint Lucia, United States of America |
| Asset Classes | Commercial, Healthcare, Hospitality, Industrial, Masterplanned, Multi Family, REIT, Retail |
| GP capital | 27.00% |
| Tax Incentives | Delaware Trust |
| Domiciled | Delaware |
| Minimum Ticket Size | $5,000,000 |
| Desired Audience | 3rd Party Consultants, Investment Committee, Managing Members |
| Current Participating Investors | 13 |
Qualification Cont.
Economic Drivers
Associated Risks
Remuneration & Fee Structure
| Asset Management Fee | 2.00% |
| Asset Management Fees Type | Placed |
| Preferred Returns | 8.00% |
| Carried Interest | 20.00% |
| Additional Fees | No |
Time Frame
| Open Date | January 3, 2023 |
| First close Date | February 23, 2023 |
| Expected close Date | December 28, 2023 |
Project Summary
Pitch Deck
Resource-Pitch-Deck-Air-BNB
Financials
Balance Sheet
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Balance Sheet
Income Statement (P&L)
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Income Statement (P&L)
Cashflow/Distributions
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Cashflow/Distributions
Pro Forma
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Pro Forma
Market Calculations
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Market Calculations
Market Research Articles
Emerging Market Analysis
Other
Tattoo Removal Devices Market Size Report 2022-2030 (1)
Team
CAP Table
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CAP Table
CVs of Principals
Daniel Ocean CV
Jason Todd CV
Terry Benedict CV
Advisor Profiles
Jerry Eizenberg
Other
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Legal
Incorporation Documents
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Incorporation Documents
Subscription Agreement
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Subscription Agreement
Law Firm Agreement
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Law Firm Agreement
Accounting Firm Agreement
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Accounting Firm Agreement
Other
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Traction
Historical Performance
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Historical Performance
Pipeline
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Pipeline
Customer Letters of Intent
LOI Senorel
LOI Invuess
Signed Purchase Orders/Offtake Agreements
Fordlogic PO
Other
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Marketing/Promotion
Promotional Materials
Promo 5672
Promo 2713712
Promo 2001
Project Images
Promo 8989911
Promo Complex
Other
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Investor Interest
Existing Investor Bios
Investor List
Signed Subscription Agreements
HCREF 2 Subscription Agreement - John Folgers
HCREF 2 Subscription Agreement - Longview Capital
HCREF 2 Subscription Agreement - Allot Capital
Investor Letters of Intent
LOI Invuess
LOI Senorel
Other
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Miscellaneous
Miscellaneous
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