16
# of Multifamily Properties Acquired
2,783
# of Multifamily Units Acquired
2.86x
Realized MOIC on Multifamily
>9.3%
Realized C-o-C on Multifamily
~17.5%
Realized IRR on Multifamily
Investment Vehicles
First Investment
Started out as a family office with a buy-and-hold strategy investing in multifamily in the DC Area (Aquila Portfolio)
First Syndications
- Office investment in Charleston, SC
- Student housing investment in Charleston, SC
First Exit
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.
Launch of Excelsa US Real Estate II LP (EUSRE II)
Acquired 3 properties in 2022
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: $40-$150 MM
Prefered equity ticket: $10-$50 MM
Acquisition Timeline
Our deal execution is designed to optimize returns at every stage of the market cycle.
2009
2010
2011
2015 Exit
2018
2019
2020
2021
2022
2022 Exit
Bend at Oak ForestWhy Multifamily?
Multifamily investments deliver attractive risk-adjusted returns with relatively low volatility.
Over the past 25 years, multifamily investment has had the highest average returns of any commercial real estate asset class, with the lowest levels of risk in return performance.
01
Attractive Returns
02
Lower Volatility
03
Favorable Demographic Conditions
04
Strong Hedge Against Inflation
05
Lower Borrowing Costs
06
Large Liquid Markets for Acquisitions/Exits
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.
