Multi-Family TIC Rollup

Property Summary

Type: Multi-family
Size: 12,000 units owned, 20,000+ units managed
Location: Primarily Texas & Southeastern U.S.

Acquisition Summary

Source: Off-market
Investment: $25.0 million
Ownership: Subordinated debt, warrants, preferred stock

Transaction Overview

Equity Resource Fund 2015 invested $25.0 million in a fully integrated real estate operating partnership consolidating TIC-syndicated multifamily assets into a structured platform. The partnership owns approximately 12,000 apartment units and manages an additional 20,000+ units on a third party basis. Primary ongoing acquisitions are properties managed by the company and owned in a syndicated TIC structure.