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Excelsa

Excelsa is an investor and property developer. We invest in the US, Europe, Middle East and Africa.

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    • Multifamily Investment Overview
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      • Fund II – EXCELSA US REAL ESTATE II, LP
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Multifamily Investment Overview

Multifamily Investment Overview

19

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# of Multifamily Properties Acquired

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3,763

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# of Multifamily Units Acquired

2.86x

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Realized MOIC on Multifamily

>9.3%

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Realized C-o-C on Multifamily

~17.5%

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Realized IRR on Multifamily

Excelsa made its first investment in the US back in 2009, starting with multifamily units in the DC Area. As Excelsa transitioned into an asset manager, we ramped up our US deal sourcing team and expanded our geographic focus to cover more ground in the market. Excelsa’s multifamily investments target a strong yield performance with a return upside typically driven by a value add program.

Investment Vehicles
2009-2011

First Investment

Started out as a family office with a buy-and-hold strategy investing in multifamily in the DC Area (Aquila Portfolio)

2013

First Syndications

  • Office investment in Charleston, SC
  • Student housing investment in Charleston, SC

2015

First Exit

2018

Launch of Excelsa US Real Estate I LP (EUSRE I)

Excelsa fully transitioned to an asset manager.
The company acquired 10 properties between 2018 and 2022, with six exits so far.

2022-2024

Launch of Excelsa US Real Estate II LP (EUSRE II)

Acquired six properties

Portfolio Snapshot

Our multifamily portfolio is diversified geographically and we have built an expertise in value add properties that deliver higher returns

Deal parameters

Prefered deal size: $50-150 MM

Prefered equity ticket: $15-50 MM

Note: Figures include Columbia Pointe (under contract), a part of Excelsa US Real Estate II, LP

Acquisition Timeline

Our deal execution is designed to optimize returns at every stage of the market cycle.

2009

Merdian Heights (Under Sale Contract) Washington, DC

2010

Hillside Heights Capitol Heights, MD

2011

Holmead, Buena Vista,
1430 W
Washington, DC

2015 Exit

Hillside Heights Capitol Heights, MD

2018

The Park
The Commons
The Point
The trails
The lofts
Gainesville, FL

2019

Bend at Oak Forest Houston, TX

2020

Aspen at Mercer Crossing Dallas, TX

2021

Tribeca at Camp Springs Camp Springs, MD
Fox Hunt Farms Apartments
Fort Mill, SC

2022

Coventry Green Apartments Goose Creek, SC
Columbia Pointe,
Columbia, MD

2022 Exit

Bend at Oak Forest
Houston, TX
The Park, The Commons,
The Point, The trails,
The lofts, Gainesville, FL
Buena Vista, Washington, DC
Holmead, Washington, DC

2023

Concord Park at Russett
Laurel, MD
Acquisitions
Exits

2024

Pear Ridge Dallas, TX
The Drake at St Pete
St Petersburg, FL

Why multifamily?

Why invest in US Multifamily?

Excelsa is primarily focused on the multifamily real estate asset class in the US, a market with strong fundamentals compared to other asset classes

Favorable Demographic Conditions

Growing population, changes in housing preferences, and affordability constraints are creating a strong demand for rental housing.

Hedge Against Inflation

Multifamily investments can generate higher cash flows and act as an inflation hedge through rental income increases and appreciation in value.

Lower Volatility

Multifamily investments offer a consistent stream of rental income from multiple units, stabilizing cash flow and minimizing the fluctuations in the broader market.

Government-Backed Financing

Multifamily properties benefit from streamlined access to borrowing facilities, especially government-sponsored entities like Freddie Mac and Fannie Mae, which are renowned for their financing programs tailored specifically for multifamily investments.

Attractive Returns

Multifamily properties offer a favorable investment opportunity relative to other asset classes providing a steady cash flow and potential for appreciation.

Liquid Markets for Transactions

Due to higher demand, consistent cash flows, and availability of financing options, multifamily investments offer relatively larger liquid markets.

Regional Focus

We favor geographic areas that are experiencing positive job growth and migration with a focus on the Sun Belt.
As we grow, we continue to expand our market coverage to compelling markets in the Western United States​.

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