Funds
Perspective creates opportunity.
Grubb Properties is pleased to present the following open investment opportunities in 2022.
Open Funds
Open
Fund VII
Opportunistic, closed-ended fund seeking to combine Grubb Properties’ value-add office and multifamily development expertise in a resilient single strategy, leveraging shared parking to achieve above-market returns in markets with lower cyclical correlations and high-growth potential. This fund launched in the first quarter of 2021.
STRATEGY:
Opportunistic, Development
SECTORS: Multifamily, Commercial
INCEPTION: 2021
SECTORS: Multifamily, Commercial
INCEPTION: 2021
Open
Live Venue Recovery Fund
Closed-end, impact fund that provides a long-term solution for independent live music venues throughout the United States. By purchasing the real estate and partnering with operators to establish ownership, the fund aims to create a more diverse and sustainable independent live music ecosystem by increasing the number of live music venue owner-operators. The fund aims to provide a 6% preferred return with returns capped at 12%. All returns above a 12% internal rate of return will be donated to the National Independent Venue Foundation (NIVF). The National Independent Venue Foundation preserves and nurtures the ecosystem of independent live performance venues and promoters throughout the United States by supporting a transparent, competitive marketplace serving a diverse and inclusive community of artists, fans and industry workers.
Closed Funds
Closed
2021 Qualified Opportunity Zone
A private REIT formed as a follow-up to the 2019 and 2020 QOFs, seeking to invest in multifamily development assets under the Link Apartments® brand in resilient markets nationwide through joint ventures. The REIT was launched in the first quarter of 2021.
STRATEGY:
Development
SECTORS: Multifamily
INCEPTION: 2021
SECTORS: Multifamily
INCEPTION: 2021
Closed
Glen Lennox Fund
Opportunistic, closed-ended, asset-specific fund to own and redevelop the historic Glen Lennox property in Chapel Hill, North Carolina. The fund will realize the stability of operating assets while targeting long-term growth through the redevelopment of the property in discrete phases under the 20-year Development Agreement.
STRATEGY:
Master Plan Development
SECTORS: Multifamily, Commercial
INCEPTION: 2016
SECTORS: Multifamily, Commercial
INCEPTION: 2016
Closed
Fund VI
Opportunistic, closed-ended fund seeking to combine Grubb Properties’ value-add office and multifamily development expertise into a single strategy, leveraging shared parking to achieve above-market returns.
Closed
2020 Qualified Opportunity Fund
Private REIT formed as a follow-up to the 2019 QOF seeking to invest in multifamily development assets under the Link Apartments® band in resilient markets nationwide through joint ventures.
Closed
2019 QOF
Private REIT formed as a side-car offering to Fund VI seeking to combine Grubb Properties’ value-add office and multifamily development expertise and deploy it in Qualified Opportunity Zones nationally.
Closed
Fund V
The Grubb Southeast Real Estate Fund V LLC was formed in 2015 to invest directly in value-add commercial office properties as well as in urban-infill apartment development projects under the company’s Link Apartments® brand. The investment period closed in 2017.
Closed
Fund IV
The Grubb Southeast Value Add Fund LLC (in which GSMF IV invested for a 10% stake) was formed in 2012 to invest directly in existing value-add multifamily opportunities in high-growth markets in the southeastern U.S. The investment period closed in 2014.
Closed
Fund III
The Grubb Residential Development Fund III LLC was formed in 2011 to invest in opportunistic multifamily and commercial acquisitions as well as select new multifamily development opportunities in high-growth markets in the southeastern U.S. The investment period closed in 2013.
Closed
Fund II
The Grubb Southeast Residential Fund II LLC was formed in 2010 to invest in value-add multifamily properties in high-growth markets in the southeastern U.S. The investment period closed in 2012.
Closed
Fund I
Fund I was formed in 2009 to acquire distressed single-family homes in foreclosure or through bank REO departments and turn these properties around for resale to homebuyers. The investment period closed in 2010.