Real Estate Alert's High-Yield Fund Database offers detailed views of more than 2,000 real estate investment funds and more than 1,000 fund managers in the U.S. and other countries. The information is gathered from Real Estate Alert's survey of fund managers and other research it conducts.
For questions about the High-Yield Fund Database, contact Rob E. Mihok at 201-234-3974.
About the High-Yield Fund Database
The High-Yield Fund Database is made up of closed-end real estate funds that aim to raise at least $50 million of equity and target net returns of 10% or more. Funds listed in the database must have at least one U.S. investor, and they must be currently marketing or have held a final close since Jan. 1, 2000.
The database doesn't report fund performance.
Users of the database can:
- Filter high-yield funds by fund type, asset type, investment regions, equity goals, equity raised and other data points.
- Sort individual fund operators by the country of their headquarters, the types of funds they run, the types of assets they invest in and their investment regions.
- Identify the placement agents that fund operators are employing to raise equity.
- Learn where active fund operators are investing their equity and which asset classes they're targeting.
Fund-level Data Fields
||Name of fund
||Opportunity (Target net return >= 16%)
Value-added (Target net return = 13% to 15.99%)
Core-plus (Target net return = 10% to 12.99%)
High-yield debt (Mostly invests in high-yield debt or preferred equity)
Fund of funds (Multi-manager fund)
||Name of fund operator (general partner)
||Name of co-fund operator, when applicable
|Year of Final Close
||Year fund completed capital-raising
||Name of third-party firm that assisted in capital-raising
||Name of additional placement agent, when applicable
|Equity Goal ($Mil.)
|Equity Raised ($Mil.)
||Investor equity raised as of most recent update
||Fund equity invested as of most recent update
|Percent of Equity Invested
||Invested equity as a percentage of the equity goal
|Target Net Return (%)
||Targeted internal rate of return for investors, after fees
||Broad asset types targeted by the fund (ex. office properties, retail, whole loans, mezzanine debt)
||Regions for investment targeted by the fund (ex. Asia, Sun Belt, Gateway Cities)
||Annual fee charged to fund investors, as a percentage of total investment
|Preferred Return for LPs
||Minimum return to investors before application of carried interest
|Subsequent GP/LP Split of Profits (%)
||Carried interest charged by the general partner(s) on additional profits above the preferred return
|IRR Needed for GP to get 20% of Profits
||Internal rate of return that must be achieved for the general partner(s) to capture 20% of total fund profits
||Name of the fund's acquisitions contact person
|Acquisition Contact Phone
||Phone number of acquisitions contact
|Investor Relations Contact
||Name of the fund's investor relations contact person
|Investor Relations Contact Phone
||Phone number of investor relations contact
Operator-level Data Fields
||Name of fund operator
||Primary phone number
||Year operator was founded
|Equity in Active Funds ($Mil.)
||Sum of equity raised by all active funds
||Fund types managed by the operator, including liquidated vehicles
||Does the operator manage any active real estate funds? (Y or N)