Sunbelt Multifamily Fund II ("SB2") Pro Forma & IRR Scenario Analysis
The Ballast Rock management team have commenced the acquisition stage of Sunbelt Multifamily II L.P. ("SB2"). SB2 expects to purchase a portfolio of approximately $125-130mm of workforce multifamily housing assets in the Southeast. This acquisition stage will take as long as is needed to identify assets that fit the quantitative and qualitative criteria of the fund.
The below information will be updated as properties are put under contact, but please be aware that closings regularly change and properties do on occasion fall out of contract. We do not provide names of properties in contract until they are under management as we are typically under confidentiality agreements with the seller during the contract period.
Projected investor-level return data is presented on a net basis and reflects the deduction of carried interest and entity-level expenses, including, but not limited to, management fees, professional fees, organizational fees, and interest. There is no assurance that projected returns will be achieved.
The below information will be updated as properties are put under contact, but please be aware that closings regularly change and properties do on occasion fall out of contract. We do not provide names of properties in contract until they are under management as we are typically under confidentiality agreements with the seller during the contract period.
Projected investor-level return data is presented on a net basis and reflects the deduction of carried interest and entity-level expenses, including, but not limited to, management fees, professional fees, organizational fees, and interest. There is no assurance that projected returns will be achieved.
SB2 Pro Forma
No assets are under contact at this time. Watch this space.
SB2 Scenario Analysis
Given our extensive deal experience in the Southeast region, current market estimates have been used to create the below analysis. The full pro forma and scenario analysis spreadsheet is available upon request.
