AVAILABLE JOINT VENTURE EQUITY $10mm to $100mm
There is great demand from domestic and foreign equity investors for multifamily, build to rent, industrial, office and self-storage assets, with hospitality and retail having niche appeal as well.
The typical raise will target $20-100M check size for core plus, value-add and opportunistic strategies in 24/18 hour cities.
Though many past assignments involved one-of transactions, there is strong interest in programmatic joint ventures with operators focused on sector-specific, geographically clustered strategies.
Property Types
Multifamily, build-to-rent, student housing, hotel, industrial, office, self-storage & retail
Check Size
Opportunistic: $10-35MM+
Value Add: $10-50MM+
Core Plus: $25-100MM+
Target Returns
Opportunistic: 15%+ IRR
Value Add: 12-15%+ IRR
Core Plus: 8-12%+ IRR
Hold Period
Opportunistic & Value Add - 3 to 7 years
Core Plus - 5 to 10 years
Uses
Development, recapitalization and/or acquisition
Geography
Primary and secondary MSAs
Michael Lewis Group – info@michaellewisgroup.com – Tel: 440-637-5646