Monument Multifamily Investors Fund I
Monument Multifamily Investors Fund (MMI) was the first fund under Monument Capital Management’s sponsorship. Launched in 2013, the Fund acquired more than 2,700 workforce housing units across the U.S. totaling $123 million in value. Focusing on key markets in South Carolina, North Carolina, Maryland, Texas, Georgia and Florida, the Fund generated a gross IRR of over 40% upon closing in 2018.
Fund Properties
Country Club – 454 Units
Location: Charlotte, NC
Purchase Amount: $12,250,000
Forest View – 158 Units
Location: Baytown, TX
Purchase Amount: $4,900,000
Milbrook Pointe – 377 Units
Location: Augusta, GA
Purchase Amount: $10,500,000
La Esencia – 296 Units
Location: Houston, TX
Purchase Amount: $7,700,000
Casa De Luna – 214 Units
Location: Raleigh, NC
Purchase Amount: $8,000,000
The Park at Monument Terrace – 144 Units
Location: Temple Terrace, FL
Purchase Amount: $5,300,000
Sutton Place – 201 Units
Location: Corpus Christi, TX
Purchase Amount: $10,000,000
Forest Village – 410 Units
Location: Suitland, MD
Purchase Amount: $31,430,000
Shadyside Gardens – 349 Units
Location: Suitland, MD
Purchase Amount: $27,000,000
Hampton Forest – 130 Units
Location: Greenville, SC
Purchase Amount: $5,425,000