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

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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