Alternative Investments/Real Estate: Palladius Launches Real Estate Fund On The RealtyMogul Platform

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The Palladius offering is geared towards accredited investors.

Real estate investment manager Palladius Capital Management has launched the Palladius Real Estate Fund I on real estate technology platform RealtyMogul. The private real estate investment fund is targeting a fund raise of $100 million to deploy in multifamily and student housing assets across the country, expecting to generate an internal rate of return of 17.5% over a four- to six- year hold period. (BusinessWire)

“The offering provides accredited investors with the opportunity to invest alongside a sophisticated, well-capitalized and operations-oriented investment manager,” the firm said in a statement. “New investors have an opportunity to deploy capital into an institutional-quality portfolio of cash-flowing residential properties that have been acquired at a discount to replacement cost and participate in Palladius’ growing acquisition pipeline,” the firm added. Current investors in the fund include institutions, high-net-worth individuals and family offices.

The fund has already acquired three value-add multifamily properties and one value-add student housing asset totaling 1,178 units. With a 234-unit multifamily property under contract and slated to close in late March, the fund’s portfolio will soon include five assets with a total capitalization of $285 million.

“Palladius’s team has 50+ years of combined real estate investing experience and a track record of delivering 33.8% net IRR on realized investments across $915 million of acquisitions,” said Chris Fraley, Chief Investment Officer at RealtyMogul. “This opportunity gives RealtyMogul Members exposure to targeted markets, like Houston, via an experienced operator.”

Related Story: Goldman Sachs Rolls Out Sustainable Real Estate ETF

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