Portfolio Update Q3
We are pleased to provide you with the Q3 real estate portfolio update. While there has been some chatter in the press about commercial real estate, we are seeing strong fundamentals, specifically in multi-family. In this update: Summary Real Estate Commentary Joint Venture Partner Investments Direct Investments Please note that prior performance is not a guarantee of future performance, and all commentary should not be considered investment advice. Summary Real Estate Commentary Steady Demand and Rent Growth Despite economic fluctuations, the multi-family market continues to demonstrate robust demand. Nationally, rent growth improved to 2% year-over-year in the third ...
A successful asset inspection: Cortland
I recently returned from visiting the Cortland Portfolio asset in Washington DC with my team. This is always one of my favorite parts of the process because you get to experience the full breadth of what the asset has to offer. View the video below: https://vimeo.com/915315851/90cef5971f?share=copy There are two questions I like the team to ask during this process. "Would I live here?" If we get the chance to talk with the tenants; "What do you like about living here?" I am happy to say that we all answered "yes" to question 1 and after talking with the ...
Hickory Point – Newport News, Virginia
We are very happy to announce that CalTier Fund 1, LP has made another participating investment into a multi-family asset with our new partner Ritz Banc Group (RBG). RBG represents another solid partner on the East Coast, specifically in the Virginia/Washington DC region. They have years of experience in Multifamily and know that market extremely well. Check the whole video and learn more about our joint venture with RBG and this extraordinary asset located in Newport News, Virginia. Asset: Hickory Point Apartments Location: Newport News, VA Number of Units: 175 Real Estate Partner: Ritz Banc Group ...
Cortland Portfolio
Exciting news to close out the year! CalTier Fund 1 is under contract for its latest direct acquisition: a beautiful 45-unit portfolio collection of 3 buildings of apartment homes in the highly sought-after Woodley Park neighborhood of Washington, District of Columbia. Our acquisition team has been working on this deal for months and we are excited to now have it under contract. It has been maintained exceptionally well and is in a very desirable area with high barriers to entry. The neighborhood is ranked among the top ten best areas to live in ...
A Strong Year For The Portfolio
Now we are coming close to the end of the year and the holiday season is upon us, I thought you would like to see an end-of-year update on the CalTier Fund 1 portfolio. I just got back from visiting a few of these assets with our team and JV partners, and I am happy to report they are all doing well. I have prepared a short video (about 18 minutes long) where I quickly go through each of the assets in the portfolio. (The video is in chapters so you can skip to an asset) PLAY VIDEO https://vimeo.com/894606116 ...
Portfolio Update October 2023
Finding Consistent Cash-Flow in Today's Market In the current real estate landscape, where market fluctuations can be unpredictable, discovering assets that offer both consistent cash-flow and robust rent growth can be a challenging endeavor. At CalTier, we understand these challenges all too well, which is why we've adopted a meticulous approach to property selection. By collaborating with seasoned real estate partners and conducting a comprehensive review process, we aim to identify properties that can weather the market's ups and downs. The Role of Experienced Real Estate Partners Our success in identifying promising investment opportunities is greatly ...