Lion Real Estate Group Achieves 28.4% Net IRR with Marble Partners Fund I Amid Market Challenges
Lion Real Estate Group Closes Marble Partners Fund I, LLC in Down Market with 28.4% Net IRR, Surpassing Investor Expectations
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Lion Real Estate Group has successfully closed its Marble Partners Fund I, LLC, achieving a net internal rate of return (IRR) of 28.4% and a 1.9X multiple for investors. The fund, which raised $35 million, acquired multifamily properties valued at $505 million across various U.S. markets despite challenging market conditions.
- 01Marble Partners Fund I, LLC raised $35 million and leveraged it to acquire $505 million in multifamily properties.
- 02The fund's portfolio included 15 properties totaling 3,503 units across nine markets, including Austin and Dallas.
- 03Lion Real Estate Group plans to launch Fund IV later this year, building on the success and lessons from Fund I.
- 04The firm has transacted over 117 properties totaling more than 15,000 units and $2.8 billion in volume since its inception.
- 05Lion Real Estate Group has maintained a track record of no realized losses since its founding in 2007.
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Lion Real Estate Group (LREG) has announced the successful closure of its first institutional fund, Marble Partners Fund I, LLC, achieving an impressive 28.4% net internal rate of return (IRR) and a 1.9X multiple for its investors. Launched in 2017, the fund raised $35 million and utilized co-investment equity to acquire $505 million worth of value-add multifamily properties across various U.S. markets, including Texas, the Southeast, and the intermountain West. The fund's portfolio consisted of 15 properties totaling 3,503 units in cities such as Austin, Dallas, and Chicago. Ben Kriegsman, vice president of global capital markets at LREG, emphasized the significance of these returns during a challenging market cycle. Co-CEO Jeff Weller expressed confidence in the firm's strategy, indicating that the experiences gained from Fund I will enhance performance in future funds, including the upcoming Fund IV. Since its establishment in 2007, LREG has successfully transacted over 117 properties and maintained a strong record without any realized losses, reinforcing its commitment to improving communities through workforce housing.
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The successful closing of Marble Partners Fund I is expected to enhance the availability of multifamily housing in the markets where properties were acquired.
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