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.
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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
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:
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:
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%.