Fund I · Residential MPC
Fund I · Residential MPC
Residential and Master-Planned Community Land Assembly
The platform's flagship strategy: assembling and entitling residential and master-planned community land in the highest-growth suburban corridors of the Sun Belt.
Strategy
The mandate.
Fund I acquires raw and pre-entitled land in the path of residential growth and guides it through rezoning, platting, and master planning to deliver finished, development-ready lots to national and regional homebuilders. The strategy targets corridors with demonstrated population in-migration, employment growth, and confirmed infrastructure access, entitling large-acreage positions into master-planned communities with a verified builder demand base.
Focus Areas
- Master-planned community assemblage
- Single-family and mixed-density lot delivery
- Suburban path-of-growth corridors
- Builder takedown and phased disposition
Fund Terms
Structure & economics.
| Term | Fund I |
|---|---|
| Target Fund Size | $2.564B |
| Structure | Delaware limited partnership |
| Preferred Return | 9%, compounded |
| Carried Interest | 20% above the 9% preferred, with 100% GP catch-up |
| GP Commitment | 2% of committed capital |
| Distribution Waterfall | European, whole-fund |
| Minimum LP Commitment | $2,000,000 |
| Target Net IRR | 20–28% |
| Leverage | 40–55% LTV (raw) / 50–60% LTV (entitled) |
| Investment Period | 5 years |
| Fund Term | 10 years, plus two 1-year extensions |
Terms shown are indicative and are qualified in their entirety by the fund's definitive offering documents, available to qualified investors.
Interested in Fund I?
Request offering materials and speak with our investor relations team.