The investment committee (IC) is comprised of three veteran real estate investors, each with over 20 years of experience.
- Each of us has a history of generating an average of over 20% IRR per year.
- Vital has focused on managing small rentals. He currently owns over 80 properties. He’s renovated most of the units and has a keen understanding of the payback for each type of improvement.
- Brent owns a few dozens long term rentals. He also has very extensive experience in real estate development.
- Lon used to own 140 long term rentals. That’s been trimmed down to about 20 doors. The proceeds were deployed to about 20 short term rentals, some office buildings, and a lot of passive real estate investments. He’s also done several development projects.
NDF1 launched in 2019. We made eight investments. Four are complete, and we have good visibility for where the other four are likely to end up. That fund is tracking to a 17% IRR. It’s too soon to know for NDF2 – NDF6, but all have pro-forma IRR of 16-20%.