Retail Development Fund

FOR ACCREDITED INVESTORS ONLY

Thesis

The NNN single-tenant retail sector provides investors with a unique opportunity to benefit from stable, long-term leases where tenants are responsible for property expenses. This investment thesis is built on the fundamental strength of secure income streams and the appeal of low-maintenance, single-tenant assets.

This fund presents an enticing opportunity for investors to participate in the thriving single-tenant retail sector. The strategy is to secure consistent and predictable rental income through long-term lease agreements with credit tenants, leverage location and market dynamics, optimize property management, and minimize vacancy risks, offering investors steady income, long-term capital appreciation, and downside risk mitigation.

Objectives*

16-22%
Target IRR
2.0x
TARGET MOIC

Investment Criteria for Assets

Investment Strategy

Ground-up development

Investment Structure

Private placement, Co-GP, LP

Sponsor

Strong relationship and track record

Favoring

Permit, Lease and GC signed before closing

Geography

Top performing U.S. submarkets

Property Types

Single Tenant Triple Net (NNN) Retail

Property Investment Size

$1 to $20 million

Leverage

65% LTC (asset level)

Spread (ROC-Cap Rate)

150 bps minimum

*Target returns are not meant to be used as predictors of future performance, but rather to provide general insight into the Fund's objectives, risk profile, and strategy. There can be no assurance that any investment or the Fund in general will achieve the expected returns. Actual returns may differ significantly from expected returns.