1 Reflects gross on realized investments in the Sponsor’s investment portfolio since inception. Performance data as of Q2 2023.
TREF I: 13.1% IRR and 1.61x MOIC, Net Return (Fully Realized)
TREF II: 22.3% IRR and 1.84x MOIC, Net Return (Fully Realized)
TREF III: 18.6% IRR and 1.31x MOIC, Net Return (Partially Realized)
| Table Header | Table Header |
|---|---|
|
Property Type |
Residential |
|
Investment Type |
Credit |
|
Investment Date |
May 2019 |
|
Status |
Realized |
| Table Header | Table Header |
|---|---|
|
Property Type |
Office |
|
Investment Type |
Direct / Pref Equity |
|
Investment Date |
November 2013 |
|
Status |
Realized |
| Table Header | Table Header |
|---|---|
|
Property Type |
Retail |
|
Investment Type |
JV Equity |
|
Investment Date |
January 2016 |
|
Status |
Realized |
| Table Header | Table Header |
|---|---|
|
Property Type |
Office |
|
Investment Type |
Direct |
|
Investment Date |
December 2016 |
|
Status |
Realized |
| Table Header | Table Header |
|---|---|
|
Property Type |
Retail |
|
Investment Type |
Direct |
|
Investment Date |
August 2014 |
|
Status |
Realized |
| Table Header | Table Header |
|---|---|
|
Property Type |
Office |
|
Investment Type |
JV Equity |
|
Investment Date |
September 2015 |
|
Status |
Realized |
| Table Header | Table Header |
|---|---|
|
Property Type |
Office |
|
Investment Type |
Direct |
|
Investment Date |
July 2021 |
|
Status |
Unrealized |
| Table Header | Table Header |
|---|---|
|
Property Type |
Office |
|
Investment Type |
JV Equity |
|
Investment Date |
December 2015 |
|
Status |
Realized |
| Table Header | Table Header |
|---|---|
|
Property Type |
Office |
|
Investment Type |
Direct |
|
Investment Date |
November 2013 |
|
Status |
Realized |
| Table Header | Table Header |
|---|---|
|
Property Type |
Office |
|
Investment Type |
JV Equity |
|
Investment Date |
August 2018 |
|
Status |
Realized |
| Table Header | Table Header |
|---|---|
|
Property Type |
Industrial |
|
Investment Type |
JV Equity |
|
Investment Date |
January 2015 |
|
Status |
Realized |
| Table Header | Table Header |
|---|---|
|
Property Type |
Office |
|
Investment Type |
Direct |
|
Investment Date |
October 2014 |
|
Status |
Realized |
| Table Header | Table Header |
|---|---|
|
Property Type |
Hotel |
|
Investment Type |
JV Equity |
|
Investment Date |
August 2015 |
|
Status |
Realized |
| Table Header | Table Header |
|---|---|
|
Property Type |
Hotel |
|
Investment Type |
Credit |
|
Investment Date |
June 2019 |
|
Status |
Unrealized |
| Table Header | Table Header |
|---|---|
|
Property Type |
Retail |
|
Investment Type |
JV Equity |
|
Investment Date |
January 2022 |
|
Status |
Unrealized |
| Table Header | Table Header |
|---|---|
|
Property Type |
Office |
|
Investment Type |
JV Equity |
|
Investment Date |
August 2022 |
|
Status |
Realized |
| Table Header | Table Header |
|---|---|
|
Property Type |
Office |
|
Investment Type |
JV Equity |
|
Investment Date |
February 2014 |
|
Status |
Realized |
| Table Header | Table Header |
|---|---|
|
Property Type |
Residential |
|
Investment Type |
Credit |
|
Investment Date |
July 2017 |
|
Status |
Realized |
| Table Header | Table Header |
|---|---|
|
Property Type |
Residential |
|
Investment Type |
Credit |
|
Investment Date |
August 2022 |
|
Status |
Unrealized |
| Table Header | Table Header |
|---|---|
|
Property Type |
San Antonio, TX |
|
Investment Type |
Direct Acquisition |
|
Investment Date |
October 2013 |
|
Status |
Realized |
| Table Header | Table Header |
|---|---|
|
Key Investment Drivers |
Experienced repeat developer & GC Highly attractive cost basis |
|
Fund Ivestment Amount |
$5,400,00 |
|
Total Project Cost |
$30,800,000 |
| Table Header | Table Header |
|---|---|
|
Property Type |
Residential |
|
Investment Type |
Preferred Equity |
|
Investment Date |
October 2020 |
|
Status |
Unrealized |
