Performance

We base our success on achieving healthy and consistent returns for our investors.

Austin M3-01

$4.4 million of total capital commitments was raised for the acquisition of two multifamily assets located in Austin, TX in October 2008.  Stony Creek Apartments today produces a steady double digit cash yield alongside very significant value appreciation.

M3 Multifamily Fund #1

$22.6m in capital commitments resulted in the acquisition of five properties in Austin and San Antonio between 2010 and 2012.  Distributable cash flow from operations today consistently yields double digit returns and has averaged 9.4%, net, annually since inception.  Two properties have been sold two to date and a third was exchanged in a 1031-exchange into Tucson.

M3 Multifamily Fund #2

$20.4m in capital commitments resulted in the acquisition of four apartment communities in San Antonio, Nashville, Reno and Tucson between 2014 and 2015.  Distributable cash flow from operations has averaged 8.3%, net, annually since inception.  Three properties have been sold to date, all of which were realized as long-term capital gains.

M3 Multifamily Fund #3

$50.6m in capital commitments resulted in the acquisition three apartment properties, one in Nashville and two in Tucson.  Distributable cash from operations has averaged 7.1% since inception.  All properties are still held in the portfolio.

M3 Fund #4 QOF

$35 million in capital commitments have been reserved for the development of a new 392-unit apartment community in Tucson.  The land was acquired in late 2020, and ground-breaking on the project commenced in Q4 2021.  This project is in an Opportunity Zone and will become a long-term holding once construction has completed.

Annualized Cash-on-Cash Yield, net

    Investment
    Since Inception
    YTD 21*
    Austin M3-01, LLC
    8.6%
    14.8%
    M3 Fund 1
    9.8%
    15.3%
    M3 Fund 2
    8.5%
    10.6%
    M3 Fund 3
    7.3%
    8.6%
    Average
    8.6%
    12.3%
    2020
    2019
    2018
    2017
    10.9%
    12.4%
    13.8%
    19.7%
    12.2%
    11.2%
    8.9%
    8.7%
    7.6%
    9.7%
    8.5%
    8.5%
    7.5%
    7.0%
    7.2%
    6.6%
    9.6%
    10.1%
    9.6%
    10.9%

    *as of Q3 2021

    Realized Total Returns to Date, net

      Asset | Fund
      Years
      Yield
      Heights at MC | Fund 1
      5.5
      10.5%
      Colony | Fund 2
      3.3
      6.5
      The Social | Fund 1
      6.4
      9.6%
      The Element | Fund 2
      4.8
      10.1%
      Total/Weighted Avg.(s)
      5.2
      9.4%
      Appreciation
      IRR, net
      EM, net
      7.8%
      18.3%
      2.6x
      7.3%
      13.8%
      1.5x
      11.6%
      21.2%
      2.8x
      22.3%
      32.4%
      3.3x
      14.8%
      24.2%
      2.8x