Rose Smart Growth
Investment Fund I, L.P.
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Investment
Criteria
The Fund seeks office, retail and multifamily properties in cities that
we believe have the most potential for sustained growth. In order to
mitigate risk, we are focusing on both regional and product diversity.
At least 75% of the Fund’s purchases will be of existing real estate.
The balance may be invested in prudent new developments with the
approval of the investment committee. Every project is underwritten
with the goal of distributing a return of at least 3% to the partners
in the early years, and a ten-year internal rate of return of at least
12–15%.
The Fund is acquiring projects in urban or village settings, within
convenient walking distance to amenities, mass transit, public
services, schools and other existing infrastructure. We are investing
in the cities that we believe have the most potential for growth around
the country. These cities traditionally have several institutions of
higher learning and strong intellectual capital, are regional or
national finance centers, have knowledge or research-based technology
firms in economic base, and consistently have had proactive leadership.
Current fund target markets include:
- Boston, Massachusetts to Washington D. C.
corridor
- Seattle, Washington; Portland, Oregon;
San Francisco, California/Bay Area; Los Angeles, California
- Rocky Mountain Region (Denver, Colorado,
Albuquerque and Santa Fe, New Mexico, Salt Lake City, Utah)
- Chicago, Illinois
- Opportunistic investments with partners
in select markets that meet investment criteria
The Fund focuses on investing in the asset product types that the
principal of our firm has developed, owned and managed for nearly 30
years, including:
- Downtown and transit-based office over
retail
- Multifamily (market-rate, mixed-income
and affordable housing)
- Main Street or base of building retail
- Mixed-use
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