Partners Portfolio Fund I

 
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For more than a decade, our investment strategy has been tested, validated, and is constantly evolving so we can best align our operational expertise with a growing base of investment partners who seek our superior, scalable and repeatable risk-adjusted returns.


Due to our ‘Partners Portfolio Fund’ being oversubscribed we’ve decided to increase the funds capacity in Q1 2019. Please review a sample of our current investment pipeline secured by property in high-growth/urban east coast markets (pictured & listed below), our objectives, strategy, and target investments, all briefly defined within our preferred fund offering (also noted below):

 
 
 
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OBJECTIVES

  • Capital Preservation

  • Create a co-investment vehicle allowing investors to participate alongside the Operating Partner / Sponsor (NRIA), and build a collection of institutional-quality assets at a capital commitment which aligns; (i) efficient diversification of our balance sheet, and (ii) our investment partner(s) investment goals

  • Achieve superior risk-adjusted returns, with the benefit of a current pay & profit sharing structure to compensate investment partners immediately and throughout the development / investment process with an additional illiquidity premium generally reserved for [much] longer-term investment profiles

 
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strategy

 
  • Use a vast network to continually source (largely off-market) opportunities in markets where we have executed similar business plans countless times.

  • Leverage our vertically integrated investment, management, and development platform to provide a scalable & repeatable investment profile.

  • Partner with debt and/or equity lending / investment firms to efficiently capitalize each investment opportunity.

  • Focus on middle-market opportunities, which provide a rather unique risk / reward investment profile where deals are too large & complex for the small(er) retail type of investors, while too small to hit large institutional investor screens.

 
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target investments

 
  • Multifamily, Townhome, Single family, Mixed-use development

  • Value-Add Multi-family

  • Special Situation / Opportunistic

    • Land for future development

    • Distressed Situations (Debt / Equity)

 

NRIA PARTNERS PORTFOLIO FUND I


 

Fund

NRIA Partners Portfolio Fund I, a Delaware Limited Liability Company to be managed by NRIA Partners Portfolio Fund I Manager, LLC focused on the aforementioned objectives, strategy, and target investments in its sole discretion.

Fund Sponsor: NRIA


 

Fund Size (Total Capital Commitment Target)
NRIA (Sponsor) Capital Commitment

$80,000,000 ($55.0M in capital commitments to-date)

5.0% of the targeted raise.


 

Minimum Capital Commitment

$1,000,000 per Member Unit. Fractional Shares Available - please call.


 

Targeted Preferred Return Structure

An above-market return structure:

  • Class A1 Members: Targeted 21.0% IRR, with a portion paid as a monthly coupon as detailed below.

  • Shares of Individual Member Units available upon request and determined on a tiered commitment basis.


 

Current (Coupon) Return

6.0% annualized coupon, paid monthly, on capital deployed during the development period. Development period will be defined as the first four (4) Years following the funds closing date. Please see Private Placement Memorandum for further details.


 

Investment Period (Deployment)

Immediately upon fund closing up-to 9-months (estimated). Once an investment is closed by NRIA, a detailed memorandum describing the investment / development, along with a copy of the title & deed will be delivered to investment partners.


 

Partnership Term

  • Five (5) years from the funds closing date, with one (1) 12-month extension option at the Sponsors (NRIA) sole discretion.

  • Sponsor (NRIA) reserves the right to return capital (Principal), along with applicable return(s), at any time during the Partnership term. Please see Private Placement Memorandum for further details.


 

Fees

Acquisition / Development Fee equal to ~2.0 %–3.0% of the total capitalization of the respective acquisition / investment. Percentage varies based on total project size.


 

Distributions

Current (Coupon) return structure distributed to Members as stated above. Remaining proceeds paid to Members following a liquidity event (i.e. Property Sale / Refinance). Please see Private Placement Memorandum for further details.


 

Redemption Period

30-month lock-out from the funds closing date. Following this period, all or a portion of Member unit interests may be redeemed. Please see Private Placement Memorandum for further details.