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Hall Capital

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 60
Investor Position Joint Venture Partner, Limited Partner, Sponsor or GP, 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 Student Housing
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

Economic Drivers

Economic recession
Affordable housing shortage
Inflation

Associated Risks

New Construction timelines
Construction materials supply chain

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

Highlights

Average IRR Returns 24%
City Toronto
State/Region ON
Country Canada
Total AUM (USD) $1,253,500,000
Year Established November 7, 2018
First Time Fund Yes
Avg. GP Contribution 4%

General

Target Investors Family Offices, Pensions
Company Type Real Estate Firm
Address 171 Bay Street
Tax Incentives Available Yes
Impact Investment Strategies Community Development, Minority Owned, Social Impact
Major Source of Capital Family Offices, Registered Investment Advisors
Fiscal Year End November 7, 2017
Audited Yes
Decision Process Investment Committee
Vertically Integrated Yes
Separately Managed Accounts No
Geographic Reach USA - Mid West, USA - North, United States of America
Seeking Services Legal, Other

Notable Investors

Weldon Kuvalis and Sons
Jovanny Bruen Group

Recent Initiatives

BCA Community Development Program

Intermediary Partners

Parker Moore Inc

Major Restriction to Consider

This is a Reg D offering
Only U.S. Investors or Institutions for our U.S. registered funds

Make-up of Assets

Energy 2%
Infrastructure 4%
Natural Resources 7%
Other 8%
Private Equity 10%
Real Estate 2%
Venture Capital 2%

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

Rising Interest Rates
Economic uncertainty

Major Acquisition Criteria

Located close to commercial hubs
Focus is on Class C and D properties in emerging markets

Notable Recent Investments

200 unit Apartment complex in Tulsa, OKlahoma
Over 1000 units Built in Nashville since 2018

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

Investment performance. We are extremely disciplined investors, which we believe will lead to consistent returns even at the expense of immediate returns.

High inflation rates, soon to be reduced, will shirt the way homebuyers and home renters behave.

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.

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.

Project Summary

Pitch Deck

Executive Summary

This section has no content

Financials

Balance Sheet
Income Statement (P&L)
Cashflow/Distributions
Pro Forma
Market Calculations

Market Research Articles

Emerging Market Analysis.pdf

Other

Tattoo Removal Devices Market Size Report 2022-2030 (1).pdf

Team

CAP Table

CVs of Principals

Daniel Ocean CV.pdf
Jason Todd CV.pdf
Terry Benedict CV.pdf

Advisor Profiles

Jerry Eizenberg.pdf

Other

This section has no content

Legal

Incorporation Documents
Subscription Agreement
Law Firm Agreement
Accounting Firm Agreement

Other

This section has no content

Traction

Historical Performance
Pipeline

Customer Letters of Intent

LOI Senorel.pdf
LOI Invuess.pdf

Signed Purchase Orders/Offtake Agreements

Fordlogic PO.pdf

Other

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Marketing/Promotion

Promotional Materials

Promo 5672.avif
Promo 2713712.avif
Promo 2001.avif

Project Images

Promo 8989911.avif
Promo Complex.avif

Other

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Investor Interest

Existing Investor Bios

Investor List.xlsx

Signed Subscription Agreements

HCREF 2 Subscription Agreement - John Folgers.pdf
HCREF 2 Subscription Agreement - Longview Capital.pdf
HCREF 2 Subscription Agreement - Allot Capital.pdf

Investor Letters of Intent

LOI Invuess.pdf
LOI Senorel.pdf

Other

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Miscellaneous

Miscellaneous

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General
IRIS Summary
Version History