Alternative Housing Communities

Park model, tiny home, cabin, and workforce housing communities. Attainable homeownership formats that sit adjacent to core MHC.

Fund Size

$1.400B

Target committed capital

Target Net IRR

14–18%

Objective, not a guarantee

Investor Relations Back to Funds

Strategy

Where the fund invests

Park model cottage communities in Sun Belt and destination markets.
Tiny home and cabin communities with community amenity packages.
Workforce and seasonal-worker housing near demand centers.
Age-restricted and 55+ community formats.
Shared operating platform with the core MHC portfolio.

Objectives

What the fund targets

Fund Size$1.400B

Target Net IRR14–18%

Target Multiple2.0–2.6x

SectorAlternative Housing

Terms

Investment Fund IV terms

Vehicle

Delaware limited partnership

Adviser

TetraHomes Advisers, LLC (SEC RIA, in filing)

Fund Term

10 years, plus two 1-year GP extensions

Investment Period

First 5 years

Waterfall

European whole-fund

LP Fees

None — 0%

Preferred Return

8% cumulative to LPs

GP Catch-Up

100% until 20/80 restored

Carried Interest

20% above preferred

Carry Escrow

30% through fund term

GP Commit

2% of fund size

Minimum LP Commit

$2,000,000

Auditor

PricewaterhouseCoopers

Fund Counsel

LePore Law Group

Definitive terms are set out in the Fund’s Private Placement Memorandum, Limited Partnership Agreement, and Subscription Agreement. Please consult the fund materials and legal counsel before subscribing.

Interested in Investment Fund IV?

Institutional and qualified investors are invited to request the Private Placement Memorandum and Subscription Agreement.

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