Avison Young U.S. Apartment Fund

  • Location: Southeast United States
  • Size: 698 units
  • Type of Project: Value-Add, Multifamily
  • Service Type: AY Sponsored Fund

Age: 1990-2011

Closing: May 2012

Realized: 2.03x TVPI / 13.1% IRR

The Avison Young U.S. Apartment Fund was a closed-end Limited Partnership with an expected investment horizon of seven years. The investments were sold in late 2019 providing investors with strong returns and equity multiples.  

The Fund was established  in the spring of 2012 to acquire well-located class A and/or B multi-family communities in diversified second tier markets at significant discounts to replacement cost. Focusing on secondary & tertiary markets has provided higher going-in yields, attractive rental growth, and less competition than primary market strategies.

Properties within the fund underwent value enhancement upgrades such as modernizing unit finishes, amenity and common areas along with other revenue producing investments such adding storage units, corporate units and guest suites which helped achieve significant value appreciation over the fund’s life.