NEBO Capital has established a relationship with an equity investor group that is interested in ground up development and repositioning projects in the Midwest. This group is currently investing its second fund, which is managed by veterans that have been making equity deals for decades.
Their first fund developed or acquired $500M of commercial real estate in four years, and its portfolio is stabilized, allowing the investors to start their current fund and opening the door to new alliances. They consider retail, office, hotel, and multifamily investments. They will also look at quality assets in other classes.
The fund targets IRRs starting in the teens, and has a 2.0x multiple requirement. It invests at least $1MM per deal.
Call NEBO today for an introduction to this investor.