Asset Details
In October 2022, CalTier Fund 1 invested in the Sundance Bay Portfolio Fund, an open-ended fund targeting value-add and core-plus multi-family properties across the United States.
The Sundance Bay Portfolio Fund has assembled a diverse portfolio of multi-family assets offering opportunity for consistent yield and capital appreciation, with 24 properties located in sustainable growth areas throughout the United States, totaling $792 million in gross asset value.
Below is a list of some basic property level information:
- Murphy Grove
- Atlanta, GA
- 132 Units
- Canyon Centre Heights
- Salt Lake City, UT
- 140 Units
- The Carson
- Atlanta, GA
- 320 Units
- Harper Grove
- Atlanta, GA
- 120 Units
- The Franciscan
- Phoenix, AZ
- 140 Units
- 10Ten on Main
- Phoenix, AZ
- 84 Units
- Golden Key
- Phoenix, AZ
- 92 Units
- Canyon 35
- Phoenix, AZ
- 98 Units
- Tierra Ridge
- Tucson, AZ
- 235 Units
- Reserve at S.W.C.
- Atlanta, GA
- 156 Units
- Park Place
- St. Marys, GA
- 200 Units
- The Reserve
- Atlanta, GA
- 252 Units
- Bristol Creek
- Atlanta, GA
- 169 Units
- The Palms
- Yuma, AZ
- 152 Units
- Preserve at P.R.
- Port Royal, SC
- 400 Units
- Vivo
- Phoenix, AZ
- 128 Units
- The Woodridge
- Atlanta, GA
- 216 Units
- Alza Dwellings
- El Paso, TX
- 153 Units
- Regency Square
- Yuma, AZ
- 304 Units
- Port Royale
- Sierra Vista, AZ
- 252 Units
- Hacienda Park
- Phoenix, AZ
- 24 Units
- Azure
- Corpus Christi, TX
- 220 Units
- Victoria at Orange Park
- Jacksonville, FL
- 280 Units
- Ivy Commons
- Atlanta, GA
- 344 Units
Over the past year the fund has been able to enhance net operating income (NOI) through activities such as renovation. Currently, the majority of the portfolio is in the early stages of renovation and stabilization with the objective to provide capital appreciation and consistent income through acquiring, renovating, and managing primarily value-add and core-plus multi-family properties.
