MILWAUKEE, WI / ACCESSWIRE /May 8, 2024 / F Street, a pioneer in real estate investment, is excited to announce the launch of VAM Fund 1 LLC, a sophisticated investment platform specifically tailored for accredited investors. This new fund is strategically poised to purchase, renovate, and re-lease distressed multifamily properties, aiming to achieve superior returns through increased asset value and rental income.
"When I started my real estate career, I focused on value-add multifamily opportunities. That was 20 years ago. Now, we're doing it again, as the debt markets have been going crazy. We are seeing more distressed real estate, and we see great opportunities in this market to bring to our investors." said Scott Lurie, Founder of F Street.
Enhanced Operations Through Expert Partnerships To optimize the potential of VAM Fund 1 LLC, F Street has strategically partnered with industry veterans Shai Wolkowicki and Chikoo Patel of CKO Real Estate. Their deep-rooted experience and successful track record in the multifamily domain will be crucial in steering the fund's operations. This collaboration aims to merge CKO Real Estate's operational expertise with F Street's longstanding investment acumen, setting a robust foundation for the fund's projected success.
Innovative Investment Strategy and Objectives VAM Fund 1 LLC is the inaugural initiative in a planned series of Value-Add Multifamily (VAM) investment funds that F Street intends to roll out over the next 12 to 24 months. The fund's investment approach focuses on acquiring properties at a discount, making strategic improvements, and re-leasing them at competitive market rates. The strategic goals for VAM Fund 1 LLC include:
Elevating the net operating income through operational efficiencies and cost management.
Significantly increasing the value of assets to create substantial equity for investors.
Aiming to refinance the properties within the first 24 to 36 months to return a substantial portion of the capital invested.
Managing the properties effectively to ensure a consistent and reliable distribution of cash flows to investors.
Targeting Strategic Locations in Chicago
The fund is initially concentrating on the acquisition of a portfolio of 518 multifamily units across 19 strategically selected properties in Chicago's sought-after neighborhoods of Hyde Park and South Shore. These areas are known for their robust economic growth and demographic appeal, making them ideal targets for investment. Investors in VAM Fund 1 LLC will have the opportunity to acquire fractional equity interests in these properties, which are positioned to benefit from both short-term gains and long-term appreciation.
Fundraising and Investment Details
F Street and CKO Real Estate are committed to raising $14 million to capitalize VAM Fund 1 LLC effectively, with the sponsor group themselves investing $1 million as a testament to their confidence in the fund's success. The offering is limited to accredited investors, with an entry point set at a minimum investment of $50,000. Prospective investors are invited to learn more about this exciting opportunity by visitingwww.fstreet.com or by contacting F Street directly to discuss the investment particulars.
This venture represents a unique opportunity for investors to engage with a high-potential market segment through a structured and professionally managed platform. F Street encourages interested parties to explore the potential of VAM Fund 1 LLC as a means to diversify and strengthen their investment portfolios. Don't miss this opportunity to invest in a fund that aims to reshape the landscape of multifamily real estate investments.
Contact Info:
Press Contact: Josh Lurie
Contact Email: josh@fstreet.com
Phone: (414) 315-3190
Website: www.fstreet.com
SOURCE: F Street
View the original press release on accesswire.com
