MHC Community Retail & Commercial Real Estate

Retail and commercial real estate serving TetraHomes communities. Grocery-anchored centers, convenience retail, and community-adjacent commercial pads.

Fund Size

$1.400B

Target committed capital

Target Net IRR

12–16%

Objective, not a guarantee

Investor Relations Back to Funds

Strategy

Where the fund invests

Grocery-anchored neighborhood centers serving TetraHomes MHCs.
Convenience retail and QSR pads adjacent to communities.
Community-owned commercial buildings within larger MHC campuses.
Long-term ground-lease vehicles under retail pads.
Cross-portfolio tenanting priority for community-serving retailers.

Objectives

What the fund targets

Fund Size$1.400B

Target Net IRR12–16%

Target Multiple1.8–2.3x

SectorCommunity Retail & Commercial

Terms

Investment Fund V 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 V?

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

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