The asset was initially on the market with a targeted sale price of USD44.6 million but was taken off the sales campaign in the wake of the COVID-19 outbreak. To save investors from the complexities of research, the gist of our findings are usually distilled into bite-size nuggets of information during our webinar sessions conducted on every deal.Įmbry Hills checked off a multitude of boxes for what RealVantage was targeting: mid-segment residential-for-rent low-density suburban location economically vibrant city with sound fundamentals that was projected to outperform the rest of the U.S.A. Shortly after the onset of the pandemic, RealVantage published a research piece and has since executed the strategies we have shared in the article – that is, deploying into residential-for-rent, logistics, neighbourhood retail and non-traditional debt – which aligned us with the long-term structural drivers. Late-2020 was a period dogged by economic uncertainties and disruptions from the COVID-19 pandemic but these are exactly the circumstances that reward quality research and executional efficiency. Risk profileġ Excluding a small amount that will be distributable within 6 months, when the new buyer of the asset releases the retention sum under a survival clause in the acquisition deal.Ģ Returns computed on a net basis, after taking into consideration fees and taxes, in the project local currency. This was an investment in the acquisition and subsequent asset enhancement of a 225-unit multifamily asset in Embry Hills, Atlanta, Georgia, U.S.A. The success of this deal can be attributed to several factors, and this article will provide you with more insights into the anatomy of RealVantage’s investment in Embry Hills. Given that most of our investors are based in Singapore, on a Singapore-dollar adjusted basis, the returns would be even better at an IRR of 40.3% and an ROE of 73%. While the returns of Embry Hills were projected at an internal rate of return (IRR) of 12.7% with a return on equity (ROE) of 57%, the actualised returns generated an IRR of 37.8% and an ROE of 68% over an investment period of 20 months. These deals account for close to a third of the 33 investments we have embarked on so far, since the inception of RealVantage in April 2019. With the latest divestment of our Embry Hills Multifamily Opportunity (“Embry Hills”), we have delivered 10 investment exits in total to our investors – either at or higher than the projected returns. July 2022 marked a significant milestone for RealVantage.
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