| Investment Objective: |
Generate attractive returns from investments in multifamily real estate, capitalizing on market inefficiencies and growth potential, while providing diversification and stability compared to traditional equity and debt markets. |
| Investment Strategies: |
Acquire under performing or mismanaged multifamily properties, enhance value through targeted renovations and operational improvements, and deliver increased cash flow and property value. |
| Investment Period: |
5 years after the last fund closing. |
| Regional Focus: |
Southeastern United States (Florida, Georgia, North Carolina, South Carolina, Tennessee, Alabama, and Texas). |
| Sponsor/Manager/General Partner: |
AmveStar MP Manager, LLC. |
| Fund Governance: |
Typical Fund Level Governance (Mirroring ILPA Standards). |
| Governing Law: |
State of Delaware, United States. |
| Targeted Fund Size (deployable equity): |
$100 Million. |
| Targeted Net IRR/Equity Multiple: |
20% / 2.00x. |
| Preferred Return: |
10% Preferred Return. |
| Return Split/Waterfall Sponsor Promote: |
20% GP Carried Interest over 10% investor IRR up to 15% investor IRR, 30% GP Carried Interest over 15% investor IRR. |
| Expenses: |
All expenses of the offering and organization of the Partnership will be paid by the Partnership. |
| Distributions: |
Paid quarterly after first fund closing. |
| Equity Ownership: |
AmveStar Multifamily Partners, LP will retain ownership of all assets in the Portfolio including all associated development rights, plans, permits, and other real and personal property. |
| Debt Financing: |
The Partnership expects to incur leverage as a normal part of its investment strategy. Such leverage may be up to 80% of gross assets on a temporary basis, but will target maintaining leverage of 60-70% of gross assets. |
| Sponsor/Manager/GP Capital Commitment: |
5% (up to $5 Million). |
| Management Fee: |
Before the fund has received $10M, investments are subject to a 0.25% quarterly (1.0% annually) management fee. After $10M, investments over $1M stay at 0.25%, while those under $1M increase to 0.50% (2.0% annually). |
