Single asset multifamily development QOZ Fund closing April 2021. This will be Milhaus’s sixth QOZ Fund. The Fund project, Beckley, is a 279-unit $59 million development located just west of the Dallas CBD and uniquely positioned for an OZ deal between two premier, growing cultural districts, Bishop Arts and Trinity Groves, just north of Methodist Med Center. Beckley’s land was sourced off market at a very attractive basis relative to recent market comps. The Dallas economy and multifamily market continues to exhibit strong fundamentals, supporting the long-term prospects for the market and the project.
About the Manager: Milhaus is a $1.1bn AUM vertically-integrated real estate owner/operator/developer focused exclusively on multifamily investments in secondary markets in the Midwest and Sunbelt. We’ve historically developed a range of multifamily asset-types, from complicated, hard-to build/entitle urban infill projects to suburban garden style product.
We target three verticals across the risk-return spectrum:
• Opportunistic developments
• Longer-term focused build-to-core developments in both Opportunity Zones and traditional non-OZs; and
• Income-focused core-plus acquisition/co-investment strategies
Milhaus continues to expand its market-leading Opportunity Zone multifamily development fund franchise, which has over $360 Million in AUM across five funds as of 3/31/2021.
|Asset Classes:||Real Estate|
|Property Types:||Commercial, Multi-Family Housing|
Fund Contact Information
For additional information on this fund, contact: