MULTI FAMILY DEVELOPMENT
The Adler family moves to Miami and founds development business. Matthew's Grandfather, Samuel Adler, eventually builds over 6,000 high rise residential units.
Joint venture with MetLife in development of 4.5MM sq. feet Miami International Commerce Center (MICC). MICC is one of the largest mixed use parks in the Southeast US and the pioneering project of Miami's Airport West sub-market.
Deployed $78 million in Equity at 18% Return
Full-cycle investments of $78MM equity through AP-Adler Investment Fund as JV with Apollo Real Estate Adv. (AREA). Built portfolio to approx. 6 MM sq. feet in assets from 1997-2006 with more than 2,000 tenants. AP-Adler Investment Fund full-cycle performance of 18.2% IRR and 2.3x equity multiple.
LAUNCHED FUND I
The Adler Real Estate Fund raised $17.3MM in equity capital. The fund is fully invested with eight acquisitions made between 2010-2012, deploying a total of $175 million in equity including co- investors and joint venture partners.
Fund I has divested almost all of its investments with highly positive results.
FORMED INDEPENDENT FUND MANAGER
Fund management team spun off from Adler Group and launched $56 million Fund II in association with local partners. Fully deployed in 8 assets by Nov 2015 alongside $19 million LP co-investment. July 2015, launched Fund III and raised $110mm, with $85 deployed in 9 properties.
LAUNCHES FUND IV
Launches $150 million Fund IV with conviction in its ability to continue executing a highly focused cash flow oriented strategy of purchasing multi-tenant light industrial properties in areas of favorable demographic growth.