PASADENA, Calif. - Telos Capital, sister company of ExchangeRight, has brought its TCF9 Milford, MA Multifamily, LLC offering full cycle. The investment was in a 304-unit garden-style multifamily property in suburban Boston. Management was able to extract significant value-add for investors by separately metering utilities, performing unit upgrades and making improvements to common areas.
The sale distribution to investors represents a return of 194.20 percent of original invested equity. Combined with previous cash flow distributions, the investment generated a 219.88 percent total return of original invested equity in under 5 years. The investment’s net annual internal rate of return was 19.50 percent, which outperformed Telos Capital’s base case underwriting of 14.05 percent and even its upside case of 18.51 percent.
“We are proud to celebrate another successful completion of our value-add strategy on behalf of investors,” said David Fisher, a managing partner in Telos Capital and ExchangeRight. “Our values demand investors always come first in any opportunity, and we are delighted to have been able to achieve that goal and reap the benefits of the investment as substantial co-investors alongside them from inception. We invest alongside investors in each of our platforms to better align our interests with investors and help drive optimal long-term results.”
About Telos Capital
Telos Capital targets discounted, value-add or opportunistic private real estate investments across all asset classes and sectors. The principals of Telos Capital invest side-by-side with investors and are generally the largest investors in the company’s projects. Telos Capital is the sister company to ExchangeRight, one of the nation’s largest securitized real estate investment platforms. Please visit www.teloscapitalfunds.com for more information.
ExchangeRight pursues its passion to empower people to be secure, free and generous by providing REIT, fund and 1031 DST portfolios that target secure capital, stable income and strategic exits. The company strategically syndicates net-leased portfolios of assets backed primarily by investment-grade corporations that successfully operate in the necessity-based retail and healthcare industries, as well as diversified value-add portfolios of inline and outparcel retail spaces shadow-anchored by strong-performing grocery tenants. Please visit www.exchangeright.com for more information.