Exited

Current portfolio

Since inception

Number of projects 57 11* 68
Number of units 15,480 2,678* 18,158
Total equity returned to investors** $648,447,292
Cash on cash returned 1,70
Avg. IRR p/yr 18%
Avg. IRR p/yr of exited project started in last 10 years 26%
Avg. IRR p/yr of exited project started in last 5 years 25%
Total equity invested** $381,315,908 $281,328,222 $662,644,130
Total $ invested** $1,528,646,945 $417,397,064 $1,946,044,009

* Including apartments that are under construction
** Excluding $32.5M Class A

Inception

1994

Average time period management team has worked together

18Years

Number of team members

13