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At A Glance

This is an opportunity to invest in a sponsor co-invest fund that currently holds over a half-dozen office properties in Chicago’s River North, West Loop and North Shore markets. The fund is managed by a highly sophisticated institutional group, and offers significant value-add upside.

Deal webinar: On October 8th, we held a webinar with Ameritus principals Bert Scherb and Ben Nummy to discuss this offering. Miss the webinar? Watch the replay here.

Questions about this offering?

To speak to a member of our Investor Relations team, please call: 872.222.8170, email at invest@peerrealty.com or schedule a time to speak with us.

Key Deal Points

 Highly sophisticated management team with key principals who have been involved in over $4 billion of commercial real estate transactions

 Co-investment fund structure utilizing joint ventures, offering access to larger, institutional capital and underwriting not otherwise available to the typical investor

 Value add strategy of investing in cash-flowing assets that are not stabilized, and that offer significant upside through re-tenanting, physical enhancements, repositioning in the market, and/or financial restructuring

 Investors pay LIBOR into the fund from the fund close date, but receive returns as of the close date, minimizing escrow risk

Investment Summary

Ameritus, LLC (“Ameritus” or the “Firm”) is seeking equity commitments from investors to capitalize Ameritus Real Estate Fund, LP (the “Fund”). The Fund offers investors the opportunity to co-invest through the Fund with institutional and other capital partners (the “Joint Venture Partners”). The Fund intends to co-invest with Joint Venture Partners to make investments in office, industrial, market-rate apartment, and retail properties located in greater Chicago and Southeast Wisconsin.

As of July 31, 2015, the Fund has acquired the following assets:

  • 213 W. Institute Place - a 150,000 square foot creative loft office building in Chicago’s River North Sub-Market
  • 549 W. Randolpha 100,000 square foot creative loft office building in Chicago's West Loop Sub-Market
  • Chicago Avenue Parking - a 30-car parking lot adjacent to 213 W. Institute Place as a bolt-on acquisition to increase value and footprint
  • North Shore Office Portfolio - a 340,000 square foot portfolio of six single story office and flex industrial assets along Chicago’s North Shore, including assets in Skokie, Wilmette, Des Plaines, Northfield, Northbrook and Bannockburn, IL

The Fund intends to employ a value add strategy of investing in cash-flowing assets that are not stabilized and which offer significant upside through re-tenanting, physical enhancements, repositioning in the market, and/or financial restructuring. Targeted assets are expected to include:

  • Urban office buildings with an opportunity to provide creative office space with the addition of amenities and improvement of the tenant environment.
  • Suburban office buildings that can be purchased at a discount to replacement cost and repositioned to have a competitive advantage over similar properties in their submarket.
  • Urban and transit-oriented retail located in densely populated locations which may require additional leasing or renovation.
  • Urban industrial assets in submarkets with limited supply or are positioned to be converted to a higher and better use due to neighborhood gentrification.
  • Suburban industrial assets, located in established markets with limited new supply available and require capital to re-tenant, expand, or renovate.
  • On a limited and opportunistic basis, for-lease, market rate, multi-family assets which require capital to renovate, complete, or convert and are located in densely populated neighborhoods.

The targeted cost of each Property is $10-50 million, and the targeted holding period is 3-5 years. The Fund or subsidiary thereof will be the general partner, administrative partner, manager or administrative member of each of the joint ventures. It is anticipated that the Fund's ownership percentage in each joint venture will be 10-20%.

Additional Information
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Sign up today to learn more about this offering and to gain access to the rest of our investment opportunities. We don't require the kind of large investments that have traditionally closed off the world of real estate investing. Instead, anyone who is qualified is allowed to invest, often with as little as a $5,000 minimum investment.

Sign Up

Already a member? Login to your account