Bailard launches development-focused multi-family real estate fund

FOSTER CITY, Calif.–(BUSINESS WIRE)–Bailard, an independent, values-focused asset and wealth management firm, is pleased to announce the launch of its new development-focused multi-family real estate strategy, alongside its core private equity real estate fund diversified with open capital.

The Bailard Multifamily Fund, LP (“BMF”) will focus on building “achievable Class A” units with first-class amenities in underserved growth markets across the country. The BMF intends to capitalize on the shortage of affordable rental housing/labour in the United States. Demographic and economic trends are resulting in significant unmet demand from middle-income earners for new, high-quality rental housing, which Bailard says creates an attractive opportunity for new developments. The Fund will target “ABCD” markets, defined as having, among others, the following attributes:

  • Affordability

  • Business-friendly environment

  • College diploma

  • Demographic strength and excellent growth measures

“The past two years have had a huge impact on housing markets across the country, especially for renters,” said Preston Sargent, President and CEO of Bailard Real Estate Fund and Head of Real Estate. Baillard. “Bailard’s team of investment professionals is launching this fund to access a significant and actionable opportunity for investors, and believe it will also deliver societal benefits by creating more affordable housing options for Americans who live in it. need. Increasing access to high-quality, moderately priced apartments is all the more important as rising mortgage rates crowd out potential first-time home buyers.

Preston Sargent and Tess Gruenstein, with over 40 years of combined investment expertise, will act as co-portfolio managers of the Bailard Multi-Family Fund. BMF builds on the strong track record of multi-family development within the firm’s existing flagship fund, Core. Multi-family developments targeted by BMF will include a range of desirable amenities including a community pool, fitness center, clubhouse with business center, and a variety of energy-efficient features to enhance tenant satisfaction and environmental benefits.

“Through the team’s multi-family developments executed to date, we have seen the returns this strategy can deliver for our investors, as well as the strong demand for this type of development in ‘ABCD’ markets across the country,” explained Tess Gruenstein, Senior Vice President of Acquisitions and Portfolio Management at Bailard. “This new fund builds on our existing expertise, offering our investors the opportunity for increased exposure to the asset class in a different risk profile than our Core fund.”

For more information, please visit bailard.com/immobilier.

About Bailard Immobilier

The unwavering mission of Bailard’s real estate investment team is to outperform by uncovering value, focusing on the fundamentals during acquisition and actively managing each property throughout its life cycle. Bailard has over 40 years of experience in real estate investing and, during this extensive campaign, has gone through five full cycles in the real estate market. The size and structure of the team allow it to be agile, flexible and opportunistic in the execution of its investment and portfolio management strategies. Bailard prides itself on transparency and high quality customer service across its diverse clientele that encompasses both institutions and individuals.

About Bailard, Inc.

Founded in 1969, Bailard is an independent asset and wealth management firm serving individuals, families and institutions. Bailard has built up long-term asset management experience in domestic and international equities, fixed income and private real estate, as well as strong in-house ESG expertise. Through it all, and in line with its core principles and strong ESG mindset, Bailard works with its clients to align their financial goals with their values.

With over $5 billion under management as of 03/31/2022, Bailard is a majority employee-owned and women-led company, and a signatory to the Principles for Responsible Investment (PRI). A values-driven company based in the San Francisco Bay Area, Bailard has its own private charitable foundation and is deeply committed to its core values ​​of Responsibility, Compassion, Courage, Excellence, Fairness and Integrity. independence.

Disclosures

Bailard, Inc. (“Bailard”) is the investment manager of Bailard Multifamily Fund, LP (the “Fund”) and is the investment and operating manager of Bailard Real Estate Investment Trust, Inc. (the “Bailard Real Estate Fonds”). Bailard receives annual fees from the funds, which are based on the net asset value. development and ownership of income-producing real estate, including illiquidity, fluctuations in supply and demand, and inaccurate valuation Stocks and interests fluctuate in value and may be illiquid due to a lack of redemption, absence of a secondary market and transfer restrictions Fees and expenses may offset return on investment The Fund may be leveraged Although projects may ections used for acquisitions are based on assumptions that Bailard believes are reasonable under the circumstances, they are subject to uncertainties, changes (for example, changes in public health, economic, operational, political, legal, tax and others) and other risks, including, but not limited to, future operating results, including rent, occupancy and other real estate cash flows, and other expenses.

The inception date of the Bailard Real Estate Fund is April 20, 1990. The Bailard Multifamily Fund, LP is a new private real estate fund formed by Bailard, Inc., a California corporation to facilitate investment in multifamily residential real estate projects located in the United States -United. States. The Bailard Multifamily Fund, LP will be formed as a Delaware limited partnership. Bailard Real Estate 2022 GP LLC, a newly formed Delaware limited liability company (the “General Partner”), will act as general partner of the Fund; and, Bailard will manage the investment process and day-to-day operations of the Fund as investment manager. Investors will be admitted to the Fund as limited partners in accordance with the terms and conditions contained in the Fund’s confidential private placement memorandum dated April 2022. This does not constitute an offer. Shares of either fund, if offered, would only be available for purchase by qualified investors. This notice is qualified in its entirety by, and an offer or solicitation will only be made by way of a final confidential offering memorandum or private placement memorandum, as applicable, and will be subject to the terms and conditions contained in each memorandum, respectively. Securities of the Fund may not be available for sale in all states.

It should not be assumed that recommendations made in the future will pay off or equal the performance described here. For a more in-depth discussion of the risks of making an investment in either Sub-Fund, please refer to its Memorandum, including the respective sections relating to Risk Factors. Past performance is not indicative of future results. All investments involve a risk of loss.

About Barbara J. Ross

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