The Fund’s strategy is focused on active asset management and utilizing best-in-class property managers to implement net operating income growth. This is achieved by maximizing rental rates and revenue enhancement through ancillary income opportunities as well as operating expense reductions. The Fund has a 3-year investment horizon, with two one-year extensions available.
The Fund offers across all unit classes an annual, pre-tax distribution target yield of 3-4% and targets a minimum 12% gross pre-tax, investor internal rate of return upon disposition.