Contrarian real estate investment manager Palladius Capital Management has listed a fund on property investment platform RealtyMogul, according to a statement from the company.
Palladius Real Estate Fund I (PREF I) is described as a private fund that targets a $100 million capital raise, focused on generating an attractive risk-adjusted return through the “acquisition, management and disposition of equity interests in multifamily and student housing assets across the country.”
Palladius reports that since its launch in October 2021, PREF I has acquired three value-add multifamily properties and one value-add student housing asset totaling 1,178 units. PREF I’s portfolio is expected to soon include five assets with a total capitalization of $285 million. The fund’s target internal rate of return is 17.5% over a four- to six-year hold period.
Palladius states that the fund provides accredited investors with the opportunity to invest alongside a sophisticated, well-capitalized, and operations-oriented investment manager.
Based in Austin, TX, Palladius currently manages and operates about $500 million of real estate across the U.S.
Nitin Chexal, CEO of Palladius, said that in creating his company their plan is to scale a firm that is capable of leveling the playing field to create value for both institutions and individuals:”
“Investments in private equity funds like ours had traditionally been reserved for institutions. However, in partnering with an industry-leading real estate technology platform like RealtyMogul we can provide accredited investors access to our fund, offering them the chance to participate in the potential upside that comes with passively investing in a professionally managed fund focused on a historically stable, inflation-hedging asset class.”
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