Investments – Adler Partners

Investments

Type:

Private Equity Real Estate

Vintage:

2018

Equity:

$138,000,000

Properties:

Status:

Closed, making acquisitions

Notes:

Properties in Austin, Columbia, Dallas, Raleigh, South Florida

Investment Thesis:

Value Add

Type:

Private Equity Real Estate

Vintage:

2015

Equity:

$110,000,000

Properties:

Status:

Closed, fully invested

Notes:

Properties in Austin, Baltimore, Birmingham, Charlotte, Dallas, Los Angeles, Raleigh, South Florida

Investment Thesis:

Value Add

Type:

Private Equity Real Estate

Vintage:

2013

Equity:

$56,000,000

Properties:

Status:

90% Divested.

Notes:

Seven of eight properties sold. Realized 14.5% IRR and 1.65x Multiple.

Investment Thesis:

Value Add

Type:

Private Equity Real Estate

Vintage:

2010

Equity:

$17,300,000

Properties:

Status:

Fully Divested

Notes:

Realized 12% IRR and 1.8x Multiple.

Investment Thesis:

Value Add

Type:

Private Equity Real Estate

Vintage:

2017

Equity:

$25,000,000

Properties:

Status:

Closed, fully invested

Notes:

Properties in Charlotte, Dallas, Houston, Nashville

Investment Thesis:

Long-term Value Add